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Monday, 16 May 2022

Making company assets available for private use

Tessa Brown discusses the benefit-in-kind legislation around assets that a company makes available to its directors and employees for their private use.

Blog

Friday, 06 May 2022

Offshore trusts – UK tax liability of beneficiaries

Further to her recent blog, Cindy looks at the problem of UK resident beneficiaries often being unaware that distributions to them from offshore trusts are usually taxable in their hands in the UK, even if the trustees have paid tax on their income and gains in their home jurisdiction.

Blog

Tuesday, 03 May 2022

Why should UK law firms be looking at business structure now?

A number of UK law firms are changing their business structure. Ellis Lake discusses several reasons why this is the case and the pros and cons of different business structures, including tax reliefs.

Blog

Friday, 29 April 2022

5MLD and the expansion of scope to the Trust Registration Service – has your trust been registered?

Trust expert, Alison Day, looks at the requirements set out by the European Union’s Fifth Money Laundering Directive (5MLD) and urges trustees to heed the September deadline to register a trust.

Blog

Friday, 22 April 2022

Can your business claim Research and Development tax relief?

Many businesses aren’t aware that there’s a lucrative tax relief that could really help in these challenging times. Richard Proctor discusses what Research and Development tax relief is and who can claim it.

Blog

Tuesday, 12 April 2022

Offshore trusts and UK inheritance tax: A case study

Cindy tells us about a case study where an offshore trust was subject to UK inheritance tax (IHT) where the trustees did not realise they were liable.

Blog

Tuesday, 12 April 2022

Guidance for Charity Trustees: Should charity donations ever be refused or returned?

Jo investigates when it might be appropriate for a charity to refuse or return a donation and the process involved.

Blog

Wednesday, 06 April 2022

Sustainable Farming Incentive (SFI) scheme 2022 details and temporary reprieve for urea

Laurie details some of the most important changes revealed in the latest Government agricultural funding and schemes announcement.

Blog

Tuesday, 05 April 2022

Probate: Informal tax payment arrangements

Ian refreshes our memories about informal tax payment arrangements when dealing with probate matters.

Blog

Friday, 25 March 2022

The Spring Statement – will it help down on the farm?

Alison Smith, senior manager in our Farms and Landed Estates team, drills down into the Spring Statement to reveal its impact on the agriculture sector.

Blog

Thursday, 24 March 2022

Spring Statement 2022: Measures for employees and employers

Employment tax manager, Tessa Brown, pulls out the main points from the Chancellor's Spring Statement.

Blog

Thursday, 24 March 2022

Top ten tax planning points to consider before tax year end

Nina suggests ten tax planning ideas you could consider, as tax year end approaches.

Blog

Friday, 04 March 2022

Charities Act 2022 - how will it help your charity

The Charities Bill received Royal Assent on 24 February 2022 and has been brought into law as the Charities Act 2022.

Blog

Tuesday, 01 March 2022

The new Health and Social Care Levy’s impact on National Insurance contributions

With the new Health and Social Care Levy just around the corner, Emma discusses the impact on National Insurance contributions and how employees and employers can ease potential financial strain.

Blog

Tuesday, 22 February 2022

Our business sale diagnostic tool turns 1 – what you’ve told us so far

Will looks back on the first year of our business sale readiness diagnostic tool and discusses common challenges arising from the results as well as top tips for addressing these.

Blog

Friday, 18 February 2022

Stewardship and Environmental land management schemes (ELMS) developments - February 2022

Kelly gives a run through of the announcements made recently on Stewardship and Environmental land management schemes (ELMS) developments.

Blog

Thursday, 17 February 2022

On the ball: when is valuing a football team like valuing a business?

Aaron compares preparing a business for sale with how the market value has been calculated for his beloved Norwich City Football Club.

Blog

Monday, 14 February 2022

Farmers’ Basic Payment Scheme (BPS) ‘outgoers’ arrangements now worth revisiting?

Steve discusses the latest draft guidance for the Basic Payment Scheme (BPS) outgoers scheme for farmers considering retirement.

Blog

Monday, 14 February 2022

Mergers & Acquisitions market shows a steady recovery to pre-pandemic deal activity levels

Jack reviews the 2021 mergers and acquisitions (M&A) market and looks at the outlook for 2022.

Blog

Thursday, 10 February 2022

Understanding your tax code from HMRC

Tessa encourages taxpayers with a nonstandard tax code to make sure that it's accurate, to avoid facing a potential unexpected tax bill in the future.

Blog

Tuesday, 08 February 2022

Impact of McCloud judgement on enhanced lifetime allowance protection for members of NHS Pension Scheme

Melanie explains the impact of the McCloud judgement on enhanced lifetime allowance protection for members of the NHS Pension Scheme and the urgency for some pension holders to take action before 31 March 2022.

Blog

Wednesday, 02 February 2022

2019/20 NHS Pension tax charge & compensation policy – Deadline approaching

Lizzy explains the NHS pension tax charge and compensation policy and highlights the imminent deadlines for scheme to pay and compensation applications.

Blog

Wednesday, 02 February 2022

Work less, achieve more?

Peter examines the possibility of a shorter working week and what it could mean to employees and employers alike.

Blog

Tuesday, 01 February 2022

SRA Accounts Rules – two years on

Two years on, Ellis reviews some of the key changes of the SRA Accounts Rules and how these rules can benefit solicitors and their clients. She also looks at some of the teething issues and additional guidance issued by the SRA.

Blog

Thursday, 13 January 2022

Self-assessment tax return submission given one-month penalty reprieve

Nina looks into the recent government announcement about the self-assessment tax returns submission date and the one-month, no penalty reprieve.

Blog

Wednesday, 22 December 2021

Government support for leisure, hospitality and tourism businesses

The Government has announced grants to help businesses hit by the rise in COVID cases, as well as re-introducing the Statutory Sick Pay Rebate Scheme. Martin Sanders discusses what this may mean for leisure, hospitality and tourism businesses and whether the government support goes far enough

Blog

Tuesday, 07 December 2021

Are we heading towards a cash free economy?

Peter discusses the pros and cons of a cash free economy.

Blog

Monday, 06 December 2021

Directors of limited liability companies may have personal liability for outstanding amounts owed to HMRC

Lee Green looks at HMRC’s recent guidance update about possible joint and several liability notices being issued to directors of insolvent companies that have a tax liability with HMRC. 

Blog

Thursday, 02 December 2021

Salary sacrifice arrangements for consultants

Jamie looks at salary sacrifice schemes for cars and the impact on pension benefits and growth.

Blog

Tuesday, 30 November 2021

Tax relief on cars for medical professionals

Jamie explores the options for tax relief on cars for medical professionals, whether they are partners or salaried.

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