By Dr Clifford Frank, LLM(Tax), PhD, HDipICA, ATTSenior Partner, LEXeFISCAL LLP There are moments in which a city does not simply attract attention, but reasserts its place on the international stage. For Naples, that moment is fast approaching. With the Louis Vuitton 38th America’s Cup set to take place in the Gulf of Naples in July 2027, and with the city enjoying growing strategic relevance in Italy’s economic and cultural landscape, Naples is increasingly becoming a serious point of...

SPRINGSTATEMENT 2026 The Calm Before the Storm: Spring Statement 2026 and the April Tax Wave Already Here By Dr Clifford Frank, Senior Partner, LEXeFISCAL LLP Published: 4 March 2026Estimated reading time: 10–12 minutes A Spring Statement with no surprises… and why that’s the point On 3 March 2026, Chancellor Rachel Reeves delivered what she had promised: an economic update, not a fiscal event. No new taxes, no new reliefs, no threshold revisions, and no policy departures. On the surface, it...

A comprehensive guide to the UK tax implications of income voluntarily given up, diverted, or sacrificed By Dr Clifford Frank, Senior Partner, LEXeFISCAL LLP February 2026 Estimated reading time: 12–14 minutes Few principles in UK tax law are as pervasive—and as frequently misunderstood—as the concept of “income foregone”. It sounds simple: if you don’t take the income, you shouldn’t be taxed on it. In reality, UK tax law often asks a different question: did you, in substance, earn or...