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Simmons & Simmons

CITYPOINT, ONE ROPEMAKER STREET, LONDON, EC2Y 9SS, ENGLAND
Tel:
Work +44 20 7628 2020
Fax:
Fax +44 20 7628 2070
DX:
12 LONDON CHANCERY
Email:
Web:
www.simmons-simmons.com

Martin Shah

Tel:
Work 020 7825 4638
Email:
Simmons & Simmons

Work Department

Corporate tax.

Position

Martin’s broad based practice encompasses corporate, financial markets, real estate (including structured real estate) and commercial work, with an emphasis on clients in the asset management and investment funds and financial institutions sectors. His focus includes advising on funds and other investment products, together with structural tax issues for banking, asset management and insurance clients. Martin also has wide-ranging experience in structuring outsourcing arrangements in the financial sector, advising both banks, insurers and asset managers on IT and business process outsourcing. Martin’s broad based practice encompasses corporate, financial markets, real estate (including structured real estate) and commercial work, with an emphasis on clients in the asset management & investment funds and financial institutions sectors. His focus includes advising on funds and other investment products, together with structural tax issues for banking, asset management and insurance clients.Martin also has wide ranging experience in structuring outsourcing arrangements in the financial sector, advising both banks, insurers and asset managers on IT and business process outsourcing. Martin leads the financial services tax practice which won European Financial Services Tax Team of the Year at the International Tax Review European Awards in 2011 and 2013.

Career

Trained Simmons & Simmons; qualified 2000; partner 2008; regular participant at the Investment Management Association and Alternative Investment Management Association (participates in the Tax Committee); led the AIMA working group on the European Savings Directive; member of the Tax Committee of the Law Society of England and Wales, chairs VAT and Duties Sub-Committee, regularly participates on behalf of the Law Society and clients in discussions with HM Revenue and Customs on VAT matters.


London: Corporate and commercial

Corporate tax

Within: Corporate tax

Simmons & Simmons' tax group handles transactional, advisory and contentious matters, as well as transfer pricing for a broad client base of equity investors, asset managers and financial institutions. The London and international tax groups are led by Darren Oswick, who is supported by M&A tax expert Nick Cronkshaw and Martin Shah, who leads the financial services tax practice.

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VAT and indirect tax

Within: VAT and indirect tax

Simmons & Simmons has a truly full-service VAT and indirect tax offering, which covers transactional, advisory and contentious matters, predominantly for asset managers and funds; a capability boosted by the arrival of Jo Crookshank and Bryn Reynolds from Ernst & Young Global Limited in 2018. The group is also noted for its expertise in issues traditionally handled by accountancy firms, such as VAT partial exemptions and capital goods scheme accounting. Other areas of expertise include minimising VAT costs in outsourcing transactions, stamp duty issues relating to equity and debt capital markets and handling the variety of real estate taxes. Darren Oswick leads the team, which includes Martin Shah and Hatice Ismail, while Nick Skerrett leads on contentious matters.

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Legal Developments by:
Simmons & Simmons

  • Failure to counter financial crime: Norwich Union Life

    In December 2007, the Financial Services Authority (FSA) imposed a fine of ÂŁ1.26m on Norwich Union Life (part of the Aviva Group), one of the largest life insurance businesses in the UK with around seven million customers. The fine related to failures to take reasonable care to establish and maintain effective systems and controls for countering the risks of financial crime. The fine is the latest confirmation of the emphasis being placed on protecting clients and customers from the threat of financial crime.
    - Simmons & Simmons

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