Company trading losses can be offset against goodwill gains
17th February 2017 | Posted in Articles, Business Tax, Corporation Tax by Tom Minnikin
The issue Trading losses can only be carried forward against profits of the same trade. This means that brought forward losses…
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Are the two year liquidation rules as strict as they sound?
25th November 2016 | Posted in Articles, Business Tax by Andrew Marr
By now many people will know that where a liquidation is carried out after 5 April 2016, capital gains tax treatment…
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Remember that some intangibles still get amortisation tax relief
16th November 2016 | Posted in Articles, Business Tax, Corporation Tax by Andrew Marr
The issue It was quite a surprise when amortisation relief was stopped for all purchased goodwill from 8 July 2015 (which…
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Corporation tax deductions for pensions are not restricted to limits
28th October 2016 | Posted in Articles, Business Tax, Corporation Tax, Employment Tax by Andrew Marr
The issue A limited company is able to make larger pension contributions than the director’s contribution allowance of £40K per year….
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Buyers beware of an old stamp duty trap
25th October 2016 | Posted in Articles, Business Tax, Corporation Tax by Andrew Marr
Consider the substantial increase in the stamp duty payable between these two similar situations. On 5 May 2016, Large Company Plc…
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Don’t assume Entrepreneurs’ Relief on LLP liquidation
7th October 2016 | Posted in Articles, Business Tax by Andrew Marr
The Issue Usually, a limited liability partnership (LLP) is treated like any other partnership for tax purposes. That means that the…
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Can we still extract reserves at 10%?
5th August 2016 | Posted in Articles, Business Tax, Private Client, Tax Risk and Investigations by Andrew Marr
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 tax rules affecting users of EBT schemes
31st May 2016 | Posted in Articles, Business Tax, Employee Incentive Arrangements, Employment Tax by Tom Minnikin
Tucked away in the March Budget were two significant changes affecting users of Employee Benefits Trusts (EBT) schemes. New tax charge…
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An Entrepreneurs’ Relief muddle
23rd May 2016 | Posted in Articles, Business Tax by Tom Minnikin
Readers may recall our recent tale of Entrepreneurs’ Relief woe regarding the case of Alan Castledine – see here. This was…
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VAT on professional fees invoiced to one party but paid for by another
13th May 2016 | Posted in Articles, Business Tax, VAT by Andrew Marr
The Issue The Supreme Court has published its decision in the Airtours Holidays case, which concerns an issue that often confounds…
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