More recent posts
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The trust registration deadline approaches!
Non-taxable trusts need to be registered with HMRC using the Trust Registration Service (TRS) by 1 September 2022 or you could be penalised. Whilst trusts that hold assets…
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HMRC confirms property disposals must be reported twice
HMRC has confirmed that a capital gains tax (CGT) UK property return must still be filed using a paper return rather than via the online UK property account.…
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Register of Overseas Entities could impact SDLT receipts
Overseas entities owning property in the UK must now register on a new register of overseas entities (ROE) maintained by Companies House and will need to keep that…
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Two year extension to Recovery Loan Scheme
Originally launched in April 2021 to help businesses recover from the impact of Covid restrictions, the Recovery Loan Scheme has been extended for a further two years. With…
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R&D crackdown on tax relief claims
The Fraud Investigation Service (FIS) at HMRC is cracking down on incorrect, inflated or fraudulent claims. For those following the rules and correct procedures, HMRC clamping down on…
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CGT window extended for divorcing couples
The government has published draft legislation which will give divorcing couples more time to transfer assets without incurring capital gains tax (CGT) charges. From 6 April 2023, married…
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Changes to R&D tax credit claims
Following the review of research and development (R&D) tax reliefs launched at Budget 2021, the government have announced significant new measures which will apply from 1 April 2023.…
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Capital Reduction Demergers – the fashionable way to split
Capital reduction demergers can be a very useful and tax-efficient method for business owners to split a corporate group. A capital reduction demerger is a specific way of…
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Planning is paramount for employee share schemes
Owner managed businesses operating employee share schemes need to ensure they meet all the necessary requirements to avoid unwanted HMRC attention. HMRC was recently successful in a case…