Providing valuable support for all UK accountants in practice
HMRC stubbornness prolongs IR35 agony for contractors, says Andy Vessey In the early days of IR35 enquiries, there existed a partisan attitude among some maverick Status Inspectors that ensured such investigations were long and drawn out, and tortuous for the…
Mark McLaughlin highlights tax planning on gifts between spouses or civil partners that might help some couples at a time they would probably prefer not to think about “In this world nothing can be said to be certain, except death…
Welcome to Contractor Corner, the series written specifically by Qdos Contractor for accountants with clients who are contractors IR35: the countdown begins Since IR35 was introduced almost two decades ago, its core aim has been to combat disguised employment; to…
Russell Cockburn considers the use of tax case decisions in disputes with HMRC One of the things I get slightly annoyed about when I am advising others on disputes with Inspectors of taxes is the way they occasionally use tax…
Welcome to Contractor Corner, the series written specifically by Qdos Contractor for accountants with clients who are contractors IR35 reform in the private sector set for April 2020 The Autumn Budget 2018 took place on 29 October, when it was…
Here’s a sample question submitted recently by an accountant to Croner Taxwise’s tax helpdesk Question: After careful deliberation, my clients have decided to transfer their main residence to their daughter – partly for tax reasons. Do they have to transfer…
Mark McLaughlin points out that inheritance tax business property relief can easily be lost due to the timing of certain transactions Business property relief (BPR) is a potentially generous form of inheritance tax (IHT) relief, which can reduce transfers of…
Mark McLaughlin points out that while penalties can be charged for tax return errors involving losses, a useful let-out may apply in certain circumstances The penalty rules for errors in tax returns, etc. potentially apply if a tax return contains…
What is share buyback? Simply put, a share buyback is where a company buys some of its own shares from existing shareholders. Henry Catchpole explains all. There are three different types of share buyback: purchase of own shares; share redemption;…
Tax query: PRR and delayed occupation Private Residence Relief (PRR) is a subject that often causes confusion among accountants in practice, so here is a quick Q&A QUESTION: Relief under s 222 TCGA 1992 will be available in full to…