Does the 3% stamp duty land charge surcharge always apply when buying a second home?Graham Buckell comments: "As most people are aware there is now a 3% stamp duty land tax (“SDLT”) surcharge if buying a second home. This cannot always be avoided particularly where...
We have recently advised a family business where no one qualified for Entrepreneurs’ Relief.Craig Simpson focus' on the availability of Entreprenurs' Relief and trust holdings. "This is a first in my experience, but the client was rather surprised. Well-meaning trust...
HMRC have published their long awaited guidance on the Phoenix TAAR.The rules were introduced from 6 April 2016 to combat a common tax planning arrangement whereby a company traded for a period of time accumulating cash in a low corporation tax environment. The...
Frequently asked questions regarding Making Tax Digital, answered by Stuart Hulland our online accounting specialist.If you have more questions for Stuart, please do get in touch with him. stuarth@batesweston.co.uk What is Making Tax Digital - MTD? The government...
Graham Buckell explores the changing nature of employment status and the importance of ensuring all advice on employment arrangements takes into account the most recent changes."The last few months have seen a series of court decisions regarding employment status. We...
ACT NOW - Do you have clients that are in a disguised remuneration scheme?If you have clients with an EBT or EFRBS arrangement where they have outstanding loans then action is required now. HMRC have introduced legislation to treat all loans outstanding on 5 April...
Defer the grant of EMI options until the UK Government has secured continuing EU State Aid approval from the European Commission. The EU state aid approval on EMI schemes expired on 6 April 2018. If you have clients in the middle of implementing an EMI do not grant...
The Office of Tax Simplification has just published its Business Lifecycle Report. In it, it explores the tax issues which affect businesses as they start up, incorporate, finance growth, succession and disposal or cessation of business. The OTS summary indicates they...
Many taxpayers are unaware of the “Requirement to Correct” legislation which has recently been introduced and has potentially enormous consequences for non-compliance.Richard Coombs, Tax Partner at Bates Weston explains: The legislation is very much targeted at people...
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