‘Scary’ HMRC document suggests further clamp down on schemes

Background The latest consultation considers granting additional powers to HMRC to tackle tax avoidance. The effects will be wide ranging and…

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HMRC to sacrifice salary sacrifice!

Last week, HMRC published a consultation document which sets out its proposals to tax benefits-in-kind provided through salary sacrifice schemes. Salary…

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Can we still extract reserves at 10%?

Background HMRC continue their battle against taxpayers who seek to extract funds from their companies at low 10% Entrepreneurs’ Relief rates…

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New allowances make simple tax returns complex

Most people are familiar with the new £5,000 tax-free dividend allowance but not many people appreciate the complications between this and…

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