News
Tax
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As part of the Governments’s overhaul of the tax system, HM Revenue and Customs (HMRC) recently consulted on proposals designed to simplify the collection of Class 4 (self-employed) National Insurance...
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Capital Gains Tax ‘rollover relief’ allows a capital gain made on the realisation of a business asset to be postponed if the proceeds of sale of the asset on which...
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The announcement in the Budget that the Government will pass legislation introducing a General Anti-Abuse Rule (GAAR) was a formality given the extensive discussion and consultation that preceded it. ...
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HM Revenue and Customs (HMRC) have announced a change in treatment regarding the law covering National Insurance Contributions (NICs) as it applies to ‘sleeping’ and inactive limited partners. HMRC...
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When a deal is done by which one side gives the other a covenant or guarantee which applies for a period after completion, the value of that covenant or guarantee...
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Although expenditure which has a ‘mixed’ private and business element is not strictly an allowable deduction against profits for Income Tax (IT) purposes, in practice HM Revenue and Customs (HMRC)...
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