Blog

  • 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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  • Shares on AIM and Inheritance Tax
    16th July 2018

    Shares on AIM and Inheritance Tax

    There is a belief that all shares on the Alternative Investment Market (AIM) are exempt from Inheritance Tax. I am sorry to say that whilst a lot of shares do qualify, there are a lot that do not.
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  • How can I avoid paying a penalty on my tax return?
    5th July 2018

    How can I avoid paying a penalty on my tax return?

    It has been said “do not put off until tomorrow what you can do today”. I would add “because if you enjoy it today you can do it again tomorrow!” While there may be many things about which this is true I doubt that it applies to the completion of the annual Tax Return.
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  • Can my company claim R&D tax relief and grants?
    4th July 2018

    Can my company claim R&D tax relief and grants?

    Grant funding an R&D project can cause problems for companies wanting to claim R&D tax relief on the project costs.
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