Issue : Vol 191, Issue 4876

Surprising attempt to revive staleness argument

Time for a fresh start?

Computer says ‘yes’

Reveal the truth

Below deck

Race against dementia

US assets My new client was born outside the UK but has been resident here for 50 years. I therefore believe that inheritance tax will apply to worldwide assets, being deemed to be domiciled in the...

Seeking relief A client company’s only source of income is its profit share from the trading LLP it is a member of; the LLP carries out medical services. The company owns an electric car used by the...

Problem child? I act for a company which is currently owned 50-50 by two individuals, Mr A and Ms B. They are not married or in a civil partnership but have lived together for the past ten years or...

Reclaiming VAT on expenses without UK bank account.

Is business property relief available? My clients, three connected individuals, are in partnership farming land, the freehold of which is owned by the partnership. Most of the income relates to grants...

Umbrella companiesHMRC has updated its guidance on working through an umbrella company, specifically who is responsible for paying the worker in the ‘how you get paid’ section – the wording regarding...

In 2021-22, the value of new debt was over 50% higher than the average for the tax years from April 2017 to March 2020, and this trend has continued throughout 2022-23. HMRC’s quarterly...

HMRC collected almost £1.5bn in extra tax from investigations into large corporates shifting profits overseas in the past year, according the HMRC statistics. This brings the total the tax...

Only 20% of Scots correctly identified that income tax is a shared responsibility of the Scottish and UK parliaments, according to research carried out by the Chartered Institute of Taxation. This is...