What about Luke Littler’s expenses?
12th January 2024
Posted in Articles by Andrew Marr
There has been quite a lot of recent press coverage about HMRC popping up on Luke Littler’s Twitter (or X if…
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Section 455 planning between associated companies
11th December 2023
Posted in Articles by Andrew Marr
It is generally well known that a ‘section 455 charge’ will arise if a loan outstanding to a shareholder remains outstanding…
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Why a cut in the basic rate of tax could hurt landlords
30th October 2023
Posted in Articles by Andrew Marr
Many landlords have felt somewhat shafted by tax legislation for a while now. The restriction of tax relief on finance costs…
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PAYE on employee shares
19th August 2022
Posted in Articles by Michael Hodgson
The issue Usually, when employees are awarded shares, they will have to assess themselves to tax on any value that they…
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Are my dividends tax-free now that I am non-UK resident?
6th May 2022
Posted in Articles by Angela Carey
The issue Non-UK resident individuals can choose for their UK sourced investment income, including dividends and interest, to be disregarded for…
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Section 455 loan charges in MBOs
28th April 2022
Posted in Articles by Andrew Marr
The issue Many of you will know about the CTA 2010 section 455 charge which kicks in when a company has…
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What exactly is a distribution?
11th February 2022
Posted in Articles by Andrew Marr
The issue Company distributions are subject to income tax. They have special rates and from 6 April 2022 these rates will…
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HMRC loses transactions in securities case
28th January 2022
Posted in Articles, Capital Gains Tax by Andrew Marr
The issue Transactions in securities legislation (TISL) is what HMRC uses to combat capital transactions where they think that a shareholder…
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Oh no! We now have a 55.5% marginal tax rate!
13th September 2021
Posted in Articles, Capital Gains Tax, Corporation Tax by Phil Skrynski
The issue Attentive readers of Tax Bites may notice that this is a very similar Tax Bite to the one issued…
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Change in tax basis periods for the self-employed
23rd July 2021
Posted in Articles by Andrew Marr
The issue On 20 July 2021, the government announced a consultation (with draft legislation) for reforming the basis period system for…
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