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Repayment of corporation tax based on expected future losses

In May the Government announced the extension of its Job Retention Scheme until at least mid-October 2020. In so doing, more than one million employers will continue to receive direct support from the Treasury which will meet 80% of furloughed employees’ salaries Read More
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Covid 19 and its impact on HMRC interventions Stay calm and carry on …?

It has now been over two months since life as we knew it changed fundamentally and terms such as “lockdown” and “social distancing” have become common parlance. Few of us would have anticipated the dreadful reach of a flu-like virus on our nation’s health, nor indeed our economy. Read More
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Where angels fear to tread – HM Treasury Future Fund for high-growth companies

The devil is in the detail

The Future Fund, which is to launch in May, will provide loans of between £125,000 and £5 million, subject to matched funding from private investors. Read More
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COVID-19 and Property Taxation

In previous newsletters we have discussed the implications of the unfolding COVID-19 crisis for personal tax residence (link here) and business tax (link here). Read More
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COVID-19 and Business Tax

Restricted international mobility, plunging exchange rates and impending recession arising from the COVID-19 crisis throw up significant tax implications. Read More
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COVID- 19

We appreciate that the current climate is challenging for everyone, including businesses. We are keen to support you whenever we can in this period and all our staff are set up to work remotely to enable us to do that. All calls are being diverted to our mobile phones. You can also contact us using our Enquiry Form .
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COVID-19 and counting days for UK statutory residence tests for 2019/20 and 2020/21- HMRC’s view

The legislation in the statutory residence test allows for some days to be ignored in applying certain of the statutory residence tests where the “exceptional circumstances” condition is met. Read More

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Non-Resident Property Ownership

This tax year HMRC has introduced rules that seek to bring almost all non-resident owners of UK land within the scope of UK tax on their gains. Under the new regime, effective from 06 April 2019, where a seller (regardless of their tax residence) Read More
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Insolvent companies and the transfer of disguised remuneration liabilities to directors

In our December and January Newsletters we considered some of the main issues arising out of the Government’s changes to the “loan charge” Read More
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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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