Category: Insights

If the draft legislation issued for consultation last year is enacted in the next Finance Act there will be important changes to private residence relief for disposals after 5 April 2020.

In a recent case involving a radio presenter working for TalkSport, it was decided that the presenter would not have been an employee if directly engaged. A key factor was that the the level of control over the presenter fell far below the sufficient degree required to demonstrate a contract of service.

Gifts and awards of shares in companies, often known as employment related securities (ERS) are commonly used by employers to

Tax planning to minimise the high income child benefit charge The substantial increase in the higher rate threshold to £50,000

Extracting profit from the family company The start of the new tax year means that shareholder/ directors may want to

VAT: reverse charge for building and construction services Who is likely to be affected Businesses involved in buying and selling

Year end capital tax planning Have you used your 2018/19 £11,700 annual capital gains exemption? Consider selling shares where the

Consider other tax efficient investments If you are looking for investment opportunities, have you considered the Enterprise Investment Scheme (EIS)?

Year end pension planning For most taxpayers the maximum pension contribution is £40,000 each tax year, although this depends on

Don't lose your personal allowance For every £2 that your adjusted net income exceeds £100,000 the £11,850 personal allowance is

Don't be late in paying your personal tax bill Individual’s 2017/18 income tax, CGT, class 2 and 4 NIC liabilities

Passing on the family home New inheritance tax rules for passing on the family home started on 6 April 2017.

New Year resolutions to save tax At this time of year we think about New Year’s resolutions. It is also

Budget sting in the tail for research and development The issue Apparently HMRC identified £300m in frauds by ‘artificial corporate

Gifts to charity Where possible higher rate taxpayers should “Gift Aid” any payments to charity to provide additional benefit to

Gifts of up to £50 to employees From April 2016 new rules were introduced to allow employers to provide their

Certain gifts can have capital gains tax consequences Although there will be no CGT on gifts of cash there may

Christmas is a time for giving - the IHT annual exemption - use it or lose it! Those thinking about

The Annual Investment Allowance (AIA) which provides businesses with a 100% write off against profits when they acquire plant and

  The Chancellor has announced that the minimum qualifying period for CGT entrepreneurs’ relief will be increased from 12 months

What is missing trader fraud? Missing trader fraud involves a ‘missing’ or ‘defaulting’ trader who deliberately fails to pay its