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
New Settlement Terms for EBTs, EFRBS and Contractor Loan schemes
HMRC issues new guidelines on voluntary settlements, and they are far from simple! read more
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Is HMRC’s new Settlement Opportunity the only option for EBTs and EFRBS?
Following the recent decision of the Supreme Court in the Rangers case and HMRC’s announcement of a new Settlement Opportunity, is that now the only option for Disguised Remuneration scheme users? 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
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
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
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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