The UK Supreme Court has held that HM Revenue & Customs were correct to interpret tax legislation to ignore arrangements without a “business or commercial purpose”. This prevented a tax avoidance scheme involving bankers’ bonuses from succeeding.
Ashley Crossley is chair of Baker McKenzie´s Europe and Middle East Wealth Management Practice Group as well as head of the Wealth Management Department in the London office. He is a member of Baker McKenzie’s Global Wealth Management Steering Committee and coordinating partner for the Firm’s global banking relationships. He also heads the Firm's Russia/CIS practice. He is recognized as a leader in his area of practice by Legal 500, Citywealth and Chambers Global. Ashley frequently speaks at external conferences and seminars, and is the editor of STEP's Russia/CIS directory. Ashley is qualified as a barrister and solicitor.