Backing the wrong horse – Ingenious Judicial Review
4 August 2015 A challenge by investors in Ingenious Media film partnerships over the legality of accelerated payment notices has been comprehensively rejected by the High Court.
Fundamental Dividend Tax Changes
3 August 2015 George Osborne announced a huge shake-up to the taxation of dividends in his Summer Budget, which will impact all company shareholders.
Summer Budget and the goodwill gesture
20 July 2015 The Summer Budget heralded further reductions in the rate of corporation tax – down to 18% by 2020. That was the good news for companies.
AIA at £200k from January 2016 is welcome news!
16 July 2015 In his recent Budget speech on 8 July, the Chancellor announced the Annual Investment allowance (AIA) would not reduce to £25k, but rather to £200k instead.
Liechtenstein Disclosure Facility (LDF)
Download our Liechtenstein Disclosure Facility (LDF) factsheet for information on the disclosure facility and in order to understand whether or not this is the best course of disclosure for you.
Split year treatment under the Statutory Residence Test
This document sets out to summarise the split year treatment under the Statutory Residence Test (SRT). It is a summary of key points intended to provide general guidance and should be read in conjunction with our ‘Statutory Residence Test’ summary sheet.
Direct Debit Debt Directive
14 July 2015 HMRC has just announced plans to put all taxpayers who are taking advantage of the Time To Pay (TTP) facility onto direct debit.
Ingenious judicial review is due before the High Court today – the first testing APN & PPN legislation
14 July 2015 The first judicial review testing the legality of Accelerate Payment Notice (APN) and Partner Payment Notice (PPN) legislation is due before the High Court today.
No simplification when it comes to Inheritance Tax
8 July 2015 George Osborne was delighted to announce a measure that he sees as delivering on the Conservative Party’s longstanding pledge to increase the IHT threshold (or “nil-rate band”) to £1m.
Summer Budget – Permanent non-dom status to be removed
8 July 2015 This major change is one that has long been anticipated amongst tax professionals – the placing of a time limit on non-dom status such that the position for income tax and CGT is brought into line with that for IHT.