Blog

  • What impact will the Autumn Budget have on pensions?
    20th November 2017

    What impact will the Autumn Budget have on pensions?

    The first Autumn Budget takes place on Wednesday 22 November and there have not been a lot of changes in the previous two - but will this one be any different?
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  • The tax implications of a Members Voluntary Liquidation
    17th November 2017

    The tax implications of a Members Voluntary Liquidation

    We deal with many cases of solvent liquidations (MVLs) where a Company is in a position to pay all of its creditors and the Shareholders want to undertake a final orderly winding up of the Company’s affairs and extract their capital.
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  • HMRC Simple Assessments to give only 60 days to raise any queries
    15th November 2017

    HMRC Simple Assessments to give only 60 days to raise any queries

    By and large, the system of Self-Assessment works pretty well. Taxpayers and their agents generally understand the rules: you declare the income, capital gains or losses and pay or reclaim the tax due accordingly. If you make a mistake or need to change things there is a known timetable in which to do so and penalties if you are late or make other indiscretions. This is all encompassed in a reasonably generous timetable to collate the information, submit the paperwork and prepare for the tax payments.
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  • VAT on pension schemes – final closure – or is it?
    13th November 2017

    VAT on pension schemes – final closure – or is it?

    VIT44600 to VIT45400 which was issued earlier this month, is anticipated to be the final update on VAT treatment of pension scheme costs. The notice allows the continuation of the existing rules. This means the continued adoption of the VAT treatment outlined in VAT Notice 700/17, but in addition, the option to also use the newer options following PPG.
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  • HMRC - football clubs - and agency fees on transfer payments
    7th November 2017

    HMRC - football clubs - and agency fees on transfer payments

    The current investigation by the UK tax authorities into the “beautiful game” is possibly the biggest campaign on tax evasion ever pursued by HMRC. It’s reported 180 HMRC officers are working on the case across the UK and liaising with their colleagues in other European tax authorities. This is a very substantial investment of resource by HMRC in one sector.
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