Issue : Vol 189, Issue 4839

The future of probate

Decrypting crypto

Stud losses

It’s a drag

A new horizon

VAT I act for a client who is a big property developer and is VAT registered. Five years ago, the client purchased a plot of land to building houses and sell them. He incurred input tax of about...

Working from abroad My client runs a small but profitable magazine for computer scientists. After the Covid outbreak his staff began working from home. This has worked well and the company has decided...

Friendly society My client is a social club and institute (WSC) that is classified as a friendly society. There is a trustee who ‘owns’ the property and a management committee that looks after the...

Entrepreneurs’ relief Our client’s company gave advice on the strategic development of clients’ businesses before he decided to retire. In July 2020 he instructed insolvency practitioners to liquidate...

Land remediation Is remediation of sinkhole a capital item or revenue? Our limited company client owns two apartments in a large block of flats. The area is subject to sinkholes and a major hole has...

Dilemma of how to deal with victims of fraud

Treasury fraud squad The Treasury has created a new public sector fraud authority to recover money stolen from the Covid support schemes and to crack down on other organised financial criminal...

Money invested through the enterprise investment scheme (EIS) decreased by 12% to £1.658bn in 2020-21. Latest figures from HMRC show that 3,755 companies raised a total of £1,658m of funds...

HMRC collected a record £157.2bn from VAT bills in 2021-22, a 55% increase on the £101bn collected in 2020-21.VAT received has risen sharply after the rate of VAT paid by the hospitality...

The remaining import controls on EU goods will no longer be introduced this year, the government has announced. This is in a bid to help ease the cost of living pressures.Instead, traders will...