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Update on Disguised Remuneration (DR) and PAYE liabilities on April 2019 loans

In our Newsletter last month, we commented on the proposal in the Budget Statement for transferring a PAYE liability from an employer to an employee where the employer is unable to pay the liability. read more
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Budget update: UK commercial property

Thanks to the Chancellor, the UK is about to become a little less attractive to overseas property investors. The recent UK Budget announcement included plans to ensure that non-resident investors in UK commercial property will, from April 2019, pay UK capital gains tax or corporation tax on gains. read more
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Disguised Remuneration 2019 loans charge: Budget update

The Budget Statement provided only very brief but potentially significant details of the government’s proposed measure for transferring an income tax liability from an employer to an employee in respect of an April 2019 disguised remuneration loan charge. read more

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Solicitors’ regulator turns up the heat for tax advisors…

The body regulating Solicitors in England & Wales has just issued an extraordinarily stern warning to those who provide advice to clients wishing to avoid tax contrary to the intentions of Parliament using arrangements which ultimately fail. read more

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APNs: shooting first doesn’t always hit the target…

Since 2014, HMRC has issued over 75,000 Accelerated Payment Notices (APNs) covering the entirety of the tax avoidance schemes it had under investigation before the new rules were introduced and, in the process, has collected over £4 billion in tax. read more

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How do you avoid tainting protected trusts?

The recently published Finance Bill 2017 No.2 contains the new rules for deemed domiciles. read more
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HMRC to open new facility for settling EBTs and similar tax schemes

The Supreme Court unanimously ruled in favour of HMRC in the Murray Holdings case (Glasgow Rangers). read more

 
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When does failed tax planning become criminal?

A senior HMRC official has often been quoted as suggesting that “the difference between avoidance and evasion is the thickness of a prison wall”. Read more
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31 August 2017 – A key date for the diary

A reminder to all tax advisors or financial institutions, that they must write to their clients on or before 31 August 2017 to advise that HMRC will shortly start receiving financial information regarding UK residents from overseas jurisdictions via the Common Reporting Standard. read more 
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Recent domicile case goes in HMRC’s favour (unsurprisingly)

A recent First Tier Tribunal (Henderson [2017] UKFTT 0556 (TC)) has dismissed an appeal from four appellants that they were non-UK domiciled. Read more.
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