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Has Code of Practice 9 become obsolete due to the Common Reporting Standard?

Recent figures published by HMRC show the number of settlements under the Contractual Disclosure Facility (CDF), also known as the Code of Practice 9 (COP9) procedure, READ MORE
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Posted in 2020, Latest News, News, Newsletters | Comments Off on Has Code of Practice 9 become obsolete due to the Common Reporting Standard?

Loans Charge: Further issues to consider

You may have seen our recent article on the partial abolition and major changes to the disguised remuneration loans charge Read More
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Posted in 2020, Latest News, News, Newsletters | Comments Off on Loans Charge: Further issues to consider

Radical reforms to the 2019 loan charges makes for a happy Christmas for many

The government has announced a significant overhaul of the 2019 loan charge following a much publicised review Read More
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Posted in 2019, Latest News, News, Newsletters | Comments Off on Radical reforms to the 2019 loan charges makes for a happy Christmas for many

Family Investment Companies- still worthwhile if there’s a change of government

An increasing number of individuals are setting up Family Investment Companies; these are simply companies within the scope of UK corporation tax which invest family Read More
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Posted in 2019, Latest News, News, Newsletters | Comments Off on Family Investment Companies- still worthwhile if there’s a change of government

Trustees disposing of shares in a trading company

A recent First Tier Tribunal case found that trustees of a UK resident trust were entitled to pay CGT at 10% rather than 20% on a disposal of shares, READ MORE
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Posted in 2019, Latest News, News, Newsletters | Comments Off on Trustees disposing of shares in a trading company

Property held through Non-UK companies – trustees need to be ready

One aspect of the taxation of non-UK companies was previously straightforward: they were generally not chargeable to corporation tax. READ MORE
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Posted in 2019, Latest News, News, Newsletters | Comments Off on Property held through Non-UK companies – trustees need to be ready

HMRC’s “nudge” tactics expand to rental income

We have published four articles in which we focused on HMRC’s increasing use of so-called “nudge letters”,  READ MORE
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Posted in 2019, Latest News, News, Newsletters | Comments Off on HMRC’s “nudge” tactics expand to rental income

How much can you save if you register for the Profit Diversion Compliance Facility before you’re “nudged”?

We’ve recently published three articles on HMRC’s use of “nudge” letters in various contexts. HMRC are expected to issue another batch READ MORE
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Posted in 2019, Latest News, News, Newsletters | Comments Off on How much can you save if you register for the Profit Diversion Compliance Facility before you’re “nudged”?

HMRC “nudge letter” on overseas income and gains in more complex circumstances

In our first article dated 22nd August 2019, we considered the increase in the issue of nudge letters by HMRC which seek to challenge Read More
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Posted in 2019, Latest News, News, Newsletters | Comments Off on HMRC “nudge letter” on overseas income and gains in more complex circumstances

HMRC “nudge letters” about overseas income and gains

In this, the first of two related articles, we consider the issue of so-called “nudge letters” by HMRC challenging the accuracy of UK tax returns, READ MORE
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Posted in 2019, Latest News, News, Newsletters | Comments Off on HMRC “nudge letters” about overseas income and gains

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