Insights

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

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.

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.

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.

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.

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.

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

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

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

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.

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

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

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

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.

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.

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

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

Steve discusses the latest draft guidance for the Basic Payment Scheme (BPS) outgoers scheme for farmers considering retirement.

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

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.

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.

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

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

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.

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

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

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

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. 

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

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