Our automotive team have advised the shareholders of Pentagon Motor Holdings Ltd on their sale to Imperial Holdings SA, for £28.1m.
These letters are sent to taxpayers using language which, at a first read, sounds as though HMRC have discovered something untoward and as though the taxpayer is now compelled to do certain things at HMRC’s instruction.
The AFH contains a summary of the main changes, but we have outlined these in the document below along with our own insight and commentary on what the changes may mean in practice, and the action we recommend that you take to prepare.
Our automotive team have advised the shareholders of Grassicks Garage Limited on their sale to Eastern Holdings Limited, for an undisclosed sum.
A tribunal recently saw the executors of a deceased taxpayer pursue a claim for Business Property Relief in respect of a Furnished Holiday Letting business.
The Government’s review of modern working practices, led by Matthew Taylor, was published earlier this month. One of the main recommendations was to re-designate ‘workers’ as ‘dependent contractors’.
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The government has today revealed that the missing legislation will be brought back in a new Finance Bill to be introduced as soon as possible after the summer recess.
Our automotive team have advised the shareholders of Beadles Group Ltd on their sale to the international automotive retailer Group 1 Automotive, for an undisclosed sum.
There have been a number of triggers for this including the now notorious ‘Panama Papers’ – but another notable example has been the BBC Panorama allegations concerning HSBC’s private client team.