You need to be aware of the important changes to the deadlines for filing and paying capital gains tax (CGT) on the disposal of UK property. The deadlines for filing and paying CGT arising on the disposal of an interest…
Category: Tax
Shared parental leave explained
Simon Palmer provides an overview of SPL and Statutory Shared Parental Pay. While shared parental leave (SPL) has been available to eligible employees since April 2015, in practice many businesses find it a complex topic to understand and administer. They…
IHT: Don’t do it yourself
Don’t do it yourself Mark McLaughlin warns that a ‘do it yourself’ approach without professional assistance can be an expensive error when it comes to dealing with inheritance tax on a deceased person’s estate. When someone dies, family members or…
Tax really should be simple!
I have to admit I’m not a great believer in the Office of Tax Simplification because, frankly, they don’t actually seem to achieve anything tangible. Throughout the fiasco that has been the MTD initiative they have remained silent – and…
OTS and IHT : Time for a radical overhaul?
OTS is calling for simplicity when it comes to inheritance tax The Office of Tax Simplification (OTS) has recommended sweeping reforms of inheritance tax in a bid to reduce complexity as more people are caught by the tax as house…
Tax Matters are effecting Immigration disputes so be aware
John Sheehan is concerned at how much emphasis is put on tax matters during immigration disputes My experience of courts and tribunals is similar to that of hospitals – there’s a lot of hanging around. The most recent waiting experience…
Gifting the family home? Don’t forget the anti-avoidance pitfalls
Mark McLaughlin points out a potential inheritance anti-avoidance tax problem with making an outright gift of the family home It is not uncommon for individuals to give away their family home. For example, an elderly widow moving into nursing care…
Questions to the Helplines: Welsh Income Tax, FRS & Nil Employment Returns
Here are some sample questions submitted by accountants to the ICPA/Vantage helpline Question: We have just taken on several self-assessment clients based in Wales and one has raised the question about the impact of the new Welsh income tax rates…
HMRC Stubborness Prolongs IR35 Agony
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…
Death: the Ultimate Tax Planning
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…