Tax

• EIS Tax Relief – Small Film Company Wins the Day

  • Posted28 July 2022

  Those who put their money into nascent businesses can in certain circumstances claim tax credit under the Enterprise Investment Scheme (EIS). However, as one case showed, in order to qualify...

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• Selling Your Business? The Structure of the Transaction Really Matters

  • Posted1 July 2022

  When selling your business, the structure of the transaction matters enormously and should always be the subject of professional advice. In a case on point, two women who sold their...

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• Company Fined £150,000 for Failure to Comply With Information Notice

  • Posted1 June 2022

  If you are facing a tax inquiry, a lawyer will advise you that there are a wide variety of sensible steps you can take. However, as was underlined by an...

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• Accurate Record-Keeping Saves Clothing Traders from Swingeing VAT Bills

  • Posted29 April 2022

  HM Revenue and Customs (HMRC) investigations can be a daunting and potentially very costly experience for any business. However, as a tax tribunal ruling showed, clear and comprehensive record-keeping is...

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• Criminal Defence Costs Incurred Solely for Purposes of Trade

  • Posted24 March 2022

  Only expenses that are incurred wholly and exclusively for the purposes of trade can be deducted from a business’s tax liabilities. That threshold is, to say the least, a demanding...

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• This is What Can Happen If You Fail to Keep Proper Tax Records

  • Posted4 March 2022

  Keeping proper tax records may be time consuming and laborious, but a failure to do so can have disastrous consequences in the event of a visit by an officer of...

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