Issue: Vol 164, Issue 4215

2 Jul 2009

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IN THIS ISSUE

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Alterations are to be made to the tour operators’ margin scheme. STEPHEN JAMES explains their impact on businesses

In Harry Potter fashion, ANNE REDSTON solemnly swears that she is up to no good, finding cobwebs in HMRC guidance

RICHARD CURTIS reviews the ninth and tenth sittings of the Public Bill Committee’s Finance Bill debate

JOHN JEFFREY-COOK pinpoints the Finance Bill 2009 amendments and debates.

A ‘golden hello’ payment is made to a partner on his joining a partnership. Is this subject to tax and, if so, is it as an income or capital payment? It seems unlikely that goodwill is being...

A client has purchased properties, but has received cashback in returned deposits, etc. What are the income tax or capital gains tax implications of such payments?

A limited company has substantial cash balances, but it is believed that a better interest rate can be obtained from a personal bank account. What are the tax implications if the company loans the...

A UK-resident client was employed by a foreign company, but has recently been made redundant and is to receive £20,000. Will this payment be tax free because it is below £30,000?

Capital allowances available to cab business; overdrawn loan account; pre-owned asset charge on family property; tax relief on foreign dividends.

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