News
Tax
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All forms of tax planning need to be carried out with great care. However, even when care is taken, unforeseen results can sometimes occur, as a recent tax case shows....
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Taxpayers know well that when tax is unpaid, HM Revenue and Customs (HMRC) can make life difficult. Leaving aside the interest and penalty regimes for non-payment, HMRC are also by...
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Damages paid for loss of income are taxable but, by concession, most damages paid as a capital sum for not taking court action have been exempt from taxation to Capital...
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Businesses that have constituted themselves as limited liability partnerships (LLPs) will greet without enthusiasm the announcement by Treasury Secretary Danny Alexander that the Government ‘will be closing the loophole that...
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Anyone who files a VAT return will know that for some time HM Revenue and Customs (HMRC) have insisted that these are filed online. This presents particular challenges for...
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The door appears to have finally slammed shut on a family’s attempt to obtain Business Property Relief (BPR) from Inheritance Tax (IHT) in respect of a property which had been...
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