Pension planning where the high income restriction bites
12th December 2017
Posted in Articles, Private Client by Tom Minnikin
The general rule for pension contributions is that each individual is entitled to an annual allowance of £40,000. Pension contributions of…
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HMRC postpones deadline for registration of new trusts to 5 January 2018
27th November 2017
Posted in Articles, Trusts and Estates by Forbes Dawson
The issue HMRC’s online Trusts Registration Service (TRS) for agents has finally arrived after months of delay, but the latest hurdle…
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Autumn Budget 2017
22nd November 2017
Posted in Articles, Budget by Forbes Dawson
Today marked the first November Budget since 1996. Back then, Ken Clarke cut a penny off the basic rate of income tax,…
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Consider ten year tax spreading when accounting treatment changes
8th November 2017
Posted in Articles, Corporation Tax, Featured Articles by Tom Minnikin
The issue For periods commencing on or after 1 January 2015 UK medium and large companies were not permitted to prepare…
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Watch out for long warranty periods in deals!
30th October 2017
Posted in Articles, Business Tax, Featured Articles, Private Client by Andrew Marr
The issue Nearly all business sales will include warranties. A warranty broadly means that a seller states that something is or…
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Capital allowances on websites
16th October 2017
Posted in Articles, Business Tax, Corporation Tax, Featured Articles by Tom Minnikin
The issue Website costs can be significant and are often capitalised in a company’s accounts. Traditionally HMRC has viewed such capital…
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Deathbed tax planning from HMRC!
6th October 2017
Posted in Articles, Featured Articles, Inheritance Tax, Trusts and Estates, Private Client by Laura Hutchinson
GAAR HMRC’s guidance on the tax general anti-abuse rules (‘GAAR’) makes interesting reading because they kindly set out certain juicy bits…
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Bank customer reward…not as rewarding as you may think!
29th September 2017
Posted in Articles, Featured Articles, Private Client by Andrew Marr
Many of you will have a current account that rewards you with a monthly payment for paying in a certain amount…
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The New Trust and Estate Register – a further untimely headache for professional advisers
22nd September 2017
Posted in Articles, Featured Articles, Inheritance Tax, Trusts and Estates by Rebecca Bedford
Previously when new trusts were created they only had to be registered with HMRC if they had a UK tax reporting…
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An Entrepreneurs’ Relief muddle … resolved
15th September 2017
Posted in Articles, Business Tax, Featured Articles, Private Client by Forbes Dawson
Conflicting tax cases In May we highlighted two Tribunal decisions which looked into the issue of whether certain types of share…
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