Issue : Vol 189, Issue 4844

Ingenuity in the tax avoidance industry

Into the lion’s mouth

Who will buy?

Raising the bar

It’s exceptional!

VAT on fees My client provides a treatment therapy service to private individuals with eating disorders. Much of her work is carried out by zoom sessions and she has both UK and non-UK customers. The...

Capital allowances We have a sole trader client who is about to incorporate their business and is concerned about the potential capital allowance treatment on plant and machinery and successions. This...

Rollover I have a client who bought a farm in 2010 and rolled over a gain into this purchase. Therefore, the base cost is considerably lower than the purchase price. The client is now thinking about...

Share options We have recently completed an EMI share option scheme for a client. The client structure is a holding company (Holdco) with a wholly owned trading subsidiary (Tradeco) and the options...

Income tax Tax consequences of unexpected rent entitlement. My client has a part share in land. His co-owner rented it out for a small sum to cover expenses, and my client said he had no interest in...

PensionsThe May edition of HMRC’s Pension schemes newsletter 139 has articles on: relief at source ― annual return of information for 2021-22; digitisation of relief at source; managing pension...

The government has confirmed that student loan interest rates will remain at 7.3% from September. A rise in the rate of RPI due to global economic pressures would otherwise have resulted in a 12%...

HMRC will be reviewing 2020-21 tax returns for individuals who, according to its information, have exceeded their business asset disposal relief or entrepreneurs’ relief lifetime allowance of...

The government’s plan to raise corporation tax to 25% for companies with profits above £250,000 next April means the UK will fall from sixth place to 21st in the global corporate tax...

In 2019, UK taxpayers held more than £850bn in overseas bank accounts, of which £570bn was held in tax havens, according to figures received by Tax Policy Associates in response to freedom...