Find out what our members are asking this month… Q My client recently set up a registered company in France to expand its trading activities to France. He has incurred around £3k in costs, including solicitor’s fees and incorporation costs. The French entity has not received any income and will not receive any income in […]
Introduction For many taxpayers, filling out a Self-Assessment SPT is relatively easy. However, when your affairs involve multiple sources of income such as investments, property, trusts, offshore assets, stock transactions, crypto assets, or significant wealth, the risk of something going wrong can increase dramatically. HMRC continues to focus its compliance activities on higher risk and […]
Starting in 2028, small and micro businesses will need to report their profits and losses. For small and micro business networks in the UK, filing annual reports will be a big change. The archiving process has traditionally been a relatively efficient process with minimal disclosure. Under long-standing regulations, small corporate entities can utilize “stuffed” or […]
Being named as an executor feels like an honour, but it comes with real tax responsibilities that many people are not prepared for. HMRC collected over £7.5 billion in Inheritance Tax in 2023 to 2024, according to HMRC statistics, and mistakes on estate returns are one of the main reasons families end up paying more […]
When people talk about inheritance tax planning, they often lump it all together under the heading “protecting the family wealth.” In reality, there is a big difference between inheriting wealth and inheriting a business. Both may be part of your legacy, but the planning challenges, risks and opportunities can be very different. What works for […]
For most people, tax returns fall into the “work I don’t want to do” category. It’s something that needs to be sorted out, submitted to HMRC and then quickly forgotten about until the following January. But in reality, tax reports are often much more interesting than that. For business owners, property investors and families with […]
Why more taxpayers are paying Capital Gains Tax than ever before HMRC’s latest figures show that Capital Gains Tax receipts reached £24.3 billion during the 2025/26 tax year. While increases in asset values certainly contributed to this increase, revenue growth was also a consequence of successive reductions in existing relief and allowances. As a result, […]
Find out what our members are asking this month… I have a client who lives in South Manchester and an employee who lives in the Manchester area. They don’t have an office. Every week they meet for company-funded meetings and lunches. I think this would be classed as travel because they are working somewhere that […]
Introduction Ongoing geopolitical conflicts, public health emergencies and international travel disruptions may create unexpected UK tax residency issues for individuals moving internationally. Non-UK residents may spend more time in the UK than expected due to circumstances beyond their control, raising concerns about whether they could inadvertently become UK tax residents. To explore this, we look […]
Perpajakan atas hak citra telah lama menjadi ciri utama struktur remunerasi dalam olahraga profesional, khususnya sepak bola. Atlet dan tokoh masyarakat lainnya mengandalkan pengaturan di mana pembayaran untuk eksploitasi komersial terhadap citra pemain diterima secara terpisah dari pendapatan pekerjaan melalui perusahaan hak citra khusus. Reformasi yang diumumkan pada APBN tahun 2025 menandakan perubahan signifikan dalam […]
