Tax and Financial Planning

• Court of Appeal Sanctions ‘Informal’ Tax Investigations in Landmark Case

  • Posted29 September 2020

  HM Revenue and Customs (HMRC) operate within the constraints of their statutory powers, but their ability to conduct ‘informal’ enquiries into taxpayers’ affairs, without limit of time, has been upheld...

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• Giving With Warm Hands to Minimise Inheritance Tax – High Court Ruling

  • Posted9 September 2020

  The most straightforward means of minimising Inheritance Tax (IHT) payable on your estate is to give away your assets with warm hands when you are still hale and hearty. However,...

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• Tribunal Comes to Aid of Dutiful Son Penalised for Late Payment of Tax

  • Posted21 August 2020

  Prioritising prompt payment of your tax bills can be tough, particularly when there are other compelling and unforeseen demands on your limited resources. In a case on point, the First-tier...

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• Tempted By an Exotic Investment Scheme? Is It Too Good to Be True?

  • Posted7 August 2020

  It is easy to be tempted by exotic investment schemes that promise spectacular returns. However, as a High Court case strikingly showed, they are often too good to be true...

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• Trusts Are Handy But Can Be Hazardous – Always Take Advice

  • Posted14 July 2020

  Trusts can be an invaluable means of providing for vulnerable loved ones, but they need careful handling by a professional if they are not to have serious unforeseen consequences. In...

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• COVID-19 Crisis Forces Change to UK IHT Payments and Returns Processes

  • Posted12 June 2020

  HMRC are scrapping cheques for the payment and repayment of Inheritance Tax (IHT) and temporarily accepting printed signatures on IHT returns, as a result of the coronavirus crisis. The...

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