Tax

• Family Companies and Benefits in Kind – Tax Tribunal Guidance

  • Posted27 January 2017

  When it comes to Income Tax, almost nothing is more controversial than benefits in kind. The Chancellor’s recent announcement on restrictions on ‘salary sacrifice’ illustrates the Government’s hostile attitude towards...

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• Buy-to-Let Landlord Tax Challenge Rejected

  • Posted28 December 2016

  The legal challenge to changes in the tax regime relating to buy-to-let properties has failed, despite the backing of a £180,000 ‘crowd fund’ and the pleadings of barrister Cherie Blair....

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• New Legislation to Counter Tax Evasion Reaches Parliament

  • Posted12 December 2016

  The distaste with which the Government regards tax evasion is clear, with HM Revenue and Customs taking an increasingly tough approach both to tax evasion and (with considerable success) when...

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• Tough Times for Defaulting Taxpayers

  • Posted25 November 2016

  HM Revenue and Customs (HMRC) have in recent years taken an ever more aggressive approach to the collection of underpaid taxes. A woman who for more than a year...

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• No VAT Liability if No Taxable Supplies: True or False?

  • Posted11 November 2016

  Many businesses engaged in the provision of ‘exempt’ supplies for VAT purposes (such as healthcare or financial services) or those with a turnover below the VAT registration threshold (currently £83,000...

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• Corporate Veil Saves Honest Director From £100,000 Tax Penalty

  • Posted30 September 2016

  The importance of the ‘veil of incorporation’ is that the owners of a company (the shareholders) and its managers are not normally liable for the company’s debts as, in law,...

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