Tax and Financial Planning

• Entrepreneurs’ Relief and the Definition of ‘Trade’ – Guideline Ruling

  • Posted12 July 2022

  At what point can it be said that an embryonic business has begun to trade? A tax tribunal pondered that fundamental issue in a case concerning a claim for entrepreneurs’...

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• 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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