Tax and Financial Planning

• Promoted to Partner in an LLP? Do You Understand the Tax Implications?

  • Posted30 September 2021

  Stepping up from the ranks to become a full partner in a limited liability partnership (LLP) involves a fundamental change in status from employment to self-employment. The tax consequences of...

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• Inaccuracies In Your Tax Return Are Serious – Seek Professional Advice

  • Posted6 September 2021

  Any inaccuracy when filling in your tax return can have severe consequences, so it really does make sense to seek professional assistance. The point was powerfully made by the case...

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• HMRC in Bid to ‘Help Taxpayers Get Their Offshore Tax Right’

  • Posted13 August 2021

  The government is currently reviewing responses to its public consultation on helping taxpayers get their offshore tax right before it progresses to drafting new legislation on the issue. The...

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• Changes in the Tax Regime – Public Information Campaigns Have Limitations

  • Posted28 July 2021

  The tax regime is subject to constant change and it is generally up to taxpayers to keep their knowledge up to date in a fluid landscape. However, as a case...

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• You Are Entitled to Rely on Professional Tax Advice – Even If it is Wrong

  • Posted9 July 2021

  Professional tax advice, however carefully considered, cannot always be correct, but you are generally entitled to rely on it. A tribunal made that point in relieving a retired executive of...

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• Trusts – Court Relieves Family of Severe Tax Consequences of Drafting Error

  • Posted18 June 2021

  Trusts are delicate and often complex legal instruments and any flaws in the wording of documents relating to them can have grave tax and other consequences. As a High Court...

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