If you have a foreign domicile you need to be aware of a series of changes that came into effect from 6 April 2017.
Or perhaps I ought to advise you, do be Scilly? At least in the sense of Mrs Graham who died in 2012 owning Carnwethers, an enlarged farmhouse on one of the islands with four incorporated or adjoining self contained flats over which HMRC and her executors have been arguing ever since.
This Guide will help you navigate the rules and ensure you can put defensive measures in place to protect yourself from the increasing likelihood of a fiscal audit or enquiry.
The penalties range from £100 to £1,600 for a return not filed within one year of the due date, for both ‘in year’ and ‘annual’ ATED returns.
The end of 2017 and early 2018 have been eventful for the charity and not-for-profit sector. Serious incidents, particularly in relation to safeguarding, have occurred which have been widely publicised.
Our automotive team, led by Paul Daly, advised the management of Vertu Motors on the purchase of Hughes Group Holdings Limited.
Download our latest Dealsflash for more details.
For as long as I can remember, the status of an individual for tax purposes is something that has been a hot topic, both for advisers in saving clients tax and NIC, and for HMRC in targeting such tax ‘avoidance’.
When Entrepreneur’s Relief was introduced in 2008 it was a simple relief with correspondingly simple legislation. Roll forward ten years and the relief has suffered from a decade of tinkering and loophole closing.
Academies Financial Handbook 2018 – our summary of the key changes trustees and finance staff need to be aware of.
We have found that clients who are trading within the EU, or are about to start to look at markets outside the UK, are having to review their strategy and consider the tax implications along with the commercial aspects.