Knowledge

By Sam Hart, Associate Partner & Head of Private Client Tax Originally published in June 2021’s edition of Taxation magazine  The tax due for a failed PET must be calculated at…

Rarely does a day go past without tax reform rearing its head in a daily financial news bulletin. In particular, continued talk of Capital Gains Tax (“CGT”) reform in the…

Most countries have a central government agency which registers (or “incorporates”) new companies. In the UK this is Companies House. A company which is incorporated in the UK will by…

Tax advisers around the country wondered whether this was indeed just the corralling together of items not required to be included in the Budget, or whether there was to be…

From 1 April 2021, additional rates of SDLT will apply where the purchasers of residential property in England and Northern Ireland are not resident in the UK. It is not…

Prior to the legislation, workers were allowed to accept payments from clients through their own limited companies and account for it as revenue like any small company could. The wide…

For a UK company, debt is often seen as more flexible, as it is much easier than equity to repay once it is no longer needed in the business. Also, interest…

While new tax-paying trusts are already subject to time limits for registration under the Trusts Registration Service (TRS), under 5MLD, almost all non-tax paying trusts will also be required to…

Albert Einstein famously said,  “If you always do what you always did, you will always get what you always got”.  The world is evolving continuously; in terms of technology, politics, the climate,…