EIS/SEIS – Avoiding potential pitfalls

For many businesses, raising finance to ‘kick start’ new trading activities is key. Attracting investors to part with their funds to invest in what may be a risky venture can be challenging and that is why reliefs such as the Enterprise...

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Reader’s forum questions: Pension proportions

Reshma Johar responds to a Reader’s forum question for Taxation magazine: What is the true effect of a restructuring of pension contributions? My employer operates a defined contribution pension scheme. At present, let us say that the employer...

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RTC deadline; ready to disclose?

The Requirement to Correct (RTC) deadline of 30 September 2018 is fast approaching. By this date individuals need to have notified HMRC of any undisclosed offshore tax liabilities arising on or before 5 April 2017, or face the risk of HMRC...

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BPR – Holiday letting arrangements was not a business mainly holding investments

The First-tier Tribunal handed down its judgement in the executor’s appeal against the notice of determination in The Personal Representatives of Grace Joyce Graham v HMRC (2018) UKFTT 0306 (TC) The Facts Mrs Grace Joyce Graham (Mrs Graham)...

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HMRC seeks to extend the information powers

HMRC have published a consultation document setting out how they propose to increase the civil information powers, as set out by Schedule 36 Finance Act 2008. The stated purpose is to bring HMRC information powers in line with other worldwide tax...

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