Blog

  • How does keeping company paperwork protect me from tax implications?
    18th September 2018

    How does keeping company paperwork protect me from tax implications?

    It could be a sobering thought to some that at some point in the future the taxman is going to look into a company’s affairs and will try to put his own spin on company actions. The best defence against this is very simple and is only a matter of simple, straightforward note taking. So, going back to basics this month we need to discuss company paperwork!
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  • How is Stamp Duty Land Tax calculated?
    11th September 2018

    How is Stamp Duty Land Tax calculated?

    Stamp Duty Land Tax (“SDLT”) was introduced in 2003 and replaced stamp duty for land transactions. SDLT potentially applies to any land transaction undertaken in England and SDLT arising on a transaction is paid by the acquirer of the land interest. In this blog Tim explains how SDLT works.
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  • Transfer pricing benchmarking reports
    30th August 2018

    Transfer pricing benchmarking reports

    Companies falling into the UK’s transfer pricing rules are required to apply arm’s length pricing in transactions with connected parties. In addition, such companies should have documentary evidence to support the arm’s length nature of the pricing adopted.
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  • How can I maximise Entrepreneur’s Relief (ER)?
    14th August 2018

    How can I maximise Entrepreneur’s Relief (ER)?

    One of the “Laws” of the unintended effects is Wethern’s Law which is more popularly known by the truism that “Assumption is The Mother of all Screw-ups”. In other words, Wethern’s Law (of Suspended Judgement) exhorts us to check and recheck, as the facts upon which we rely, and on which everything else revolves, have a habit of becoming untrustworthy. This is something that anyone who has been in business (or tax) should learn.
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  • What guidance is there for setting transfer prices?
    19th July 2018

    What guidance is there for setting transfer prices?

    Five methods are set out by the Organisation for Economic Co-operation and Development (“OECD”, an intergovernmental organisation of which the UK is a member) as potentially offering assistance in setting intercompany prices in order to meet the arm’s length requirement. In the UK, these methods are recognised and respected by HMRC and, in high level summary, are as follows.
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