Knowledge

In September 2022, HMRC launched a new campaign targeting non-tax compliance of offshore companies owning UK property. The campaign coincides with a 2022 requirement for overseas entities that own UK…

The new arrangements will come into force in relation to VAT periods starting on or after 1 January 2023. Key points A new penalty system for late payments of VAT…

You’ve found an investor who sees the potential in your company and wishes to invest, however they will only do so if they can benefit from valuable tax reliefs via…

Background to the High Income Child Benefit Charge The High Income Child Benefit Charge (“HICBC”) broadly applies to taxpayers whose adjusted net income is over £50,000 for the year and…

(Actually, that song was released way back in the last century – a fact that proves just how perceptive the sentiment is.) I don’t know about you, but I could…

This is particularly important where there is no mechanism for agreeing the valuation of the shares ‘upfront’ with HMRC, an area which we are seeing come under scrutiny more and…

Rates of SDLT for purchases of non-residential property Purchase consideration SDLT rate Up to £150,000 0% £150,001 – £250,000 2% Above £250,000 5% Rates of SDLT for purchases of residential…

Where the right set of circumstances does not exist, the favourable tax legislation will not apply and can result in hefty Capital Gains Tax (“CGT”) and, when property is involved,…

When will a CSOP be appropriate? A CSOP is a discretionary plan, which means that companies can select particular directors or employees to benefit, rather than an all-employee plan such…