Gareth has a very broad practice and advises on all aspects of corporate tax and VAT. His experience includes advising on the tax aspects of complex domestic and international financing transactions including bank and project finance, capital markets transactions, securitisations, derivatives and structured finance transactions as well as advising on tax issues on corporate transactions including mergers, acquisitions and joint ventures, corporate restructurings and reorganisations and private equity transactions. He also advises on tax disputes and investigations and has experience assisting companies through HMRC’s high risk corporates programme and in litigating tax matters.
Advising a major banking group on the tax consequences of the ring-fencing of its UK retail banking operations, pursuant to the Financial Services (Banking Reform) Act 2013 including setting up operational service companies to serve both the ring-fenced bank and non-ring fenced banks.
Successfully litigating a VAT case before the First Tier Tribunal for Lloyds Banking Group.
Advising a major banking group on the tax consequences of the structuring and implementation of the recapitalisation plan for the Bank which involves a consensual bail in of subordinated debt (the first of its kind in the UK) and a highly structured capital contribution of GBP450m from the Group to the Bank, involving a debt/equity conversion effecting a change of control of the Bank and implementation of inter-conditional liability management exercises by way of exchange offers and an English scheme of arrangement.
Advising a major UK company on settlement discussions with HMRC as part of their High Risk Corporates Programme in relation to certain financing arrangements with an amount of tax at stake in excess of GBP100m.
News & insights
Publications: 22 JULY 2021
To date, 132 jurisdictions have committed to the OECD’s two-pillar plan to reform international tax rules, as set out in its statement of 1 July 2021. Although the genesis of the proposed reforms…Read more
Blog Post: 22 JULY 2021
Ask anyone what is meant by diversity and inclusion in the workplace and they are likely to give an answer along the followings lines: Diversity is about having the presence of different…Read more
Publications: 22 JULY 2021
A common question for many sanctions compliance professionals concerns the interplay between regulatory reporting requirements, legal privilege and disclosure obligations to clients. Sarah…Read more
Publications: 21 JULY 2021
The Federal Finance Ministry (BMF) circulated revisited guidelines regarding the allocation of economic ownership in cum/cum and securities transactions on 15 July 2021. These guidelines include some…Read more