Insights & Publications
Diversity & Inclusion
© 2020 Debevoise & Plimpton LLP
Uncertainty Over UK Taxation of Delaware LLCs: UK Tax Authority’s Finesse
6 October 2015
View Client Update
Anson v HMRC
, the UK’s Supreme Court passed down a decision earlier this year which brought the long-established UK tax treatment of Delaware LLCs into question.
HMRC has published its response to the Anson decision confirming that it is sticking with its pre-Anson approach but that it is willing to depart from this approach on a case by case basis.
Any fund with a UK nexus that has a US LLC in its structure should review its arrangements against Anson to determine what UK tax treatment should be adopted going forward.
Private Equity Firms and Funds
Private Equity Funds Tax
UK Modern Slavery Act Transparency Statement
Debevoise Women's Review