Agent Update: Issue 146
HMRC has published Agent Update Issue 146, with the latest guidance and developments for tax agents and advisers. Key updates include changes to Inheritance Tax reference applicati
Changes to Director Loan Rules to Stop Tax Avoidance
With thanks to Sara White, Editor, Business & Accountancy Daily Anti-avoidance rules have been tightened up to ensure shareholders cannot extract funds untaxed from close compa
My VIP Tax Team question of the week: Business Property Relief on gift of shares within 7 years of death
My client transferred some unquoted shares to his son 5 years ago. The shares at that time would have qualified for 100% Business Property Relief (BPR). The client however is now s
HR Expert: Taking action to stop harassment in the workplace
<– Use the green share button to send this article to your customers A client has recently contacted me, worried about recent stories in the press about harassment in the work
My VIP Tax Team question of the week: Most Favoured Nation Rule under Double Taxation Agreements
My client is a UK resident company who pays royalties to a recipient in Lithuania. They have been withholding 20% tax on the royalties and pay this to HMRC using a Form CT61. Our u
HR Expert: Employing children and young workers
<– Use the green share button to send this article to your customers Some of the young people from the local college have approached my client about working there. They are ex
My VIP Tax Team question of the week: Furnished Holiday Lettings – Interaction between PPR and Rollover Relief
Can you please remind me how the new corporation tax rate/bands will apply to a company whose accounting period will straddle 31/3/2023? As an example, how will the computations pr
My VIP Tax Team question of the week: CT Straddling periods
Can you please remind me how the new corporation tax rate/bands will apply to a company whose accounting period will straddle 31/3/2023? As an example, how will the computations pr
HR Expert: Keeping on top of the national minimum wage
<– Use the green share button to send this article to your customers Following the release of the latest (19th in fact) round of the government’s naming and shaming of emplo
My VIP Tax Team question of the week: Forfeited Deposits
My client, a trading company put a deposit on a property intended to be its new premises. However, they had to pull out before it completed. How do we treat the deposit and associa