Our pre-Budget and year end tax planning issue of our Tax Update outlines several steps you can take to organise your affairs and legitimately minimise your tax burden ahead of the Budget and tax year end.
If your partnership or LLP has a range of capital and profit sharing arrangements, you will need to review the robustness of your position.
Our regular summary of all the latest tax issues that will affect you and your business. In this issue we concentrate on the General Anti-Abuse Rules, the annual tax on enveloped dwellings, the statutory residence test, announcements surrounding Limited Liability Partnerships and employees’ NIC, the impact of the XBRL two years on and the guidance issued by HMRC for the new system of Real Time Information.
Our June Taxflash discusses changes to the rules on the taxation of loans made by close companies to their participators, which were introduced in the Finance Bill 2013 and took effect from Budget Day, 20 March 2013.
Our regular summary of all the latest tax issues that will affect you and your business. In this issue we concentrate on tax planning: for the Budget; for your year end; for your business; for individuals and families; for UK or offshore trusts; for foreign domiciliaries; and for estate and inheritance tax.
HMRC have announced the re-launch of their business records check program. A pilot scheme began back in April 2011 and by February 2012 had found that 36% of businesses had some issue with their record keeping. The process was then suspended to allow HMRC to redesign the approach.