Tax and Financial Planning

• Performance of Employment Contract ‘Tainted by Illegality’ – Cautionary Tale

  • Posted1 July 2022

  There is nothing wrong with an employee being paid in a tax-efficient manner. As an Employment Tribunal (ET) ruling showed, however, where such arrangements stray into the realms of unlawful...

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• Double Taxation Treaties – Wealthy South African Relieved of £10 Million Bill

  • Posted13 June 2022

  Rich individuals often have their feet firmly planted in more than one country and that can give rise to disputes as to where they should be taxed. In a guideline...

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• What are the Tax Implications of Settling an Employment Tribunal Claim?

  • Posted20 May 2022

  When paying money to settle Employment Tribunal (ET) proceedings, employers are not infrequently motivated by a desire to make what they perceive as a nuisance go away – but how...

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• Private Dog Grooming Tutor Denied VAT Exemption

  • Posted3 May 2022

  The categories of business that enjoy VAT exemption are highly restricted and any attempt to extend them is likely to encounter stiff opposition from HM Revenue and Customs (HMRC). That...

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• Donating Shares to Charity – Tax Tribunal Resolves Valuation Impasse

  • Posted11 April 2022

  It makes perfect sense that the market value of shares given to charity is deductible from the donor’s tax liabilities. However, as an important tax tribunal ruling showed, discerning exactly...

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• Tax Ruling – TV Presenter’s Personal Service Company Falls Foul of IR35

  • Posted28 March 2022

  Media personalities, IT professionals and others often obtain perfectly legitimate tax advantages by providing their services as independent contractors via their own private companies. As one case showed, however, the...

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