A very busy Autumn for Tax Planning – ten examples of what we have been doing As we slide into the winter time of this extraordinary year of pandemic, 2020, Tax Tuesday contemplates just how busy Autumn has been in our part of the commercial sector, despite lockdown,...
In the last week, the Office of Tax Simplification (OTS) has reported back to the Chancellor regarding a potential shake- up of the Capital Gains Tax (CGT) regime. If its recommendations are implemented (which is highly likely, given the need to repair the country’s...
Today’s Tax Tuesday, on the subject of capital expenditure, may seem incongruous for many businesses in 2020, particularly as we are about go back into a national lockdown. Nevertheless, for those clients and contacts who might be contemplating significant investment...
It is inevitable that reorganisation of ownership structure will make business sense at some point in a business’ lifecycle as a result of evolving plans, tax law changes, lifetime events etc. What that ‘reorganisation’ looks like will take different forms for...
The tax gap is the difference between the amount of tax owed to the tax man and the amount collected in real terms. In 2018/19 the UK Exchequer collected circa £628bn of tax. By the estimates of HMRC, this involved a gap of missing tax of about £31bn (or 4.7%). This...
This week, we welcome Tamara Habberley of The VAT People to author a guest tax blog on the very important topic of the VAT and duty implications of a no-deal Brexit – a subject that has rather fallen into the shadows as a result of Coronavirus. As the pandemic...
