Tax planning

Tax / Wealth series: divorce and financial planning – part 2

Divorce is never easy but splitting the financial assets can be tough. Melanie Wotherspoon ACA, client development director at Rathbone Investment Management, provides tips and advice on how accountants can help clients facing divorce

Tax / Dividends and distributable profits: part 7

In the seventh of eight articles investigating the detail of dividends and distributions, Croner-i tax and accounting writer David Duvall focuses on unlawful distributions and charity subsidiaries

Tax / Q&A: LLP self assessment tax returns

In our weekly Q&A series from Croner Taxwise, tax consultant David Woolley explains the ins and outs of HMRC requirements when filing annual tax returns for a new limited liability partnership whose accounts straddle different tax years

Tax / Pension tax pitfalls - lifetime and annual allowances

Staying on top of the pensions tax rules is an important part of managing a pension. But the provisions can be disconcertingly complex. Karen Goldschmidt, partner at LCP, unpicks some of the tax complexity surrounding the annual and lifetime allowances

Tax / Dividends and distributable profits: part 6

In the sixth of eight articles looking at how to avoid the pitfalls of dividends and distributions, Croner-i tax and accounting writer David Duvall looks at the often complex relationship between parent and subsidiary companies

Tax / Loan charge payment deadline should be scrapped

In a scathing report, members of the Loan Charge All-Party Parliamentary Group (APPG) have demanded an urgent delay and suspension of the loan charge, and for HMRC to suspend related accelerated payment notices (APNs)

Tax / Loan charge review delayed by election

Taxpayers will have to wait until a new government is formed to find out the outcome of the Morse review into the loan charge

Tax / Entrepreneurs’ relief and share buybacks: multiple completions

Entrepreneurs’ relief (ER) should be fully available for properly structured multiple completion share buybacks, but until HMRC issues definitive guidance, advisers should look at alternatives, says Peter Rayney FCA, CTA (Fellow), TEP

Tax / Surrey taxpayers pay the most income tax in UK

Towns in the south east England stockbroker belt account for nine of the top 10 list of places in the UK where residents pay the most income tax

Tax / Halloween deadline for self assessment paper tax return

It could be a Halloween tax nightmare for some of the UK’s small businesses, who risk missing a trick by failing to hit the 31 October deadline for returning self assessment paper tax returns

Tax / Tax filing deadlines: Nov-Dec 2019

The key HMRC filing deadlines from November to December 2019 including second Making Tax Digital submission for end of relevant VAT quarter, one month if on payments on account, and corporation tax third quarterly instalment payment

Tax / Off-payroll working rules: is your company or LLP affected – part 1

An overhaul of IR35 tax rules for contractors in the private sector comes into force from 6 April 2020 when off-payroll working is extended to medium and large businesses, and LLPs. Julie Clift CTA, tax writer at Croner-i, explains how this will affect businesses hiring contract workers, with liability for income tax and PAYE shifting to employers

Tax / VAT Q&A: financial intermediaries and VAT exemptions

In our regular Q&A series, Croner Taxwise VAT advisor Priyesh Mistry explains how financial intermediaries can treat supplies as VAT exempt

Tax / HMRC pulls in extra £10bn from large business tax probes

HMRC has collected almost £10bn in additional tax as a result of investigations into the UK’s biggest companies, with £6bn coming from VAT payments and £2.6bn in underpaid corporation tax, according to research by Pinsent Masons

Tax / US makes first move towards beneficial ownership register

The US House of Representatives has passed the Corporate Transparency Bill, marking the first stage in a bid to clamp down on shell companies with opaque ownership