Latest posts
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The trust registration deadline approaches!
Non-taxable trusts need to be registered with HMRC using the Trust Registration Service (TRS) by 1 September 2022 or you could be penalised. Whilst trusts that hold assets…
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HMRC confirms property disposals must be reported twice
HMRC has confirmed that a capital gains tax (CGT) UK property return must still be filed using a paper return rather than via the online UK property account.…
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Register of Overseas Entities could impact SDLT receipts
Overseas entities owning property in the UK must now register on a new register of overseas entities (ROE) maintained by Companies House and will need to keep that…
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Two year extension to Recovery Loan Scheme
Originally launched in April 2021 to hep businesses recover from the impact of Covid restrictions, the Recovery Loan Scheme has been extended for a further two years. With…
Recent posts
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R&D crackdown on tax relief claims
The Fraud Investigation Service (FIS) at HMRC is cracking down on incorrect, inflated or…
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CGT window extended for divorcing couples
The government has published draft legislation which will give divorcing couples more time to…
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Changes to R&D tax credit claims
Following the review of research and development (R&D) tax reliefs launched at Budget 2021,…
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Capital Reduction Demergers – the fashionable way to split
Capital reduction demergers can be a very useful and tax-efficient method for business owners…
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Planning is paramount for employee share schemes
Owner managed businesses operating employee share schemes need to ensure they meet all the…
More recent posts
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Due distance – the new limb of due diligence
Since the Russian invasion of Ukraine, the extent of Russian financial involvement and fund integration in the UK and Western Europe has been well publicised. Last week for…
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Safeguarding the future of your family firm
For family entrepreneurs willing to plan for the long term, there are a number of options available to safeguard the future of your family firm. Entrepreneurs will inevitably…
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Are tax rules for crypto assets too complex?
Recent HMRC research highlights a lack of understanding from crypto asset investors in relation to tax rules. Most individuals involves in crypto assets aim to see an investment…
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Are you prepared for a nudge letter?
HMRC have confirmed they intend to send ‘nudge letters’ to certain taxpayers who hold shares in the year to 5 April 2020. The letters are likely to target…
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HMRC announce R&D claim delays
HMRC has confirmed that it has halted the payment of some research and development (R&D) tax credits, while it investigates irregularities in claims for the relief. The treasury…
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The importance of completion mechanisms
An appropriate completion mechanism is almost always needed to determine the final price in a merger and acquisition (M&A) transaction. The majority of transactions will require an adjustment…
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Does the audit reform go far enough?
The government’s long-awaited response to the consultation to shake up the audit sector outlines their plans to tackle Big Four dominance, ban failing auditors, and bring very large…
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Private equity and trade sales provide distinct exit options for owners. Which works best?
Every business owner will have their own motivations for selling: these may include de-risking, retirement, personal ambitions, or even time to step-aside for the benefit of the business. …
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‘No fault’ divorce – what are the tax implications?
There has been a significant alteration in divorce laws for England and Wales, with a ‘no fault’ divorce now permitting estranged couples to end their marriage without having…