Find out what our members have been asking us this month… Q My client died and left a gift of 10% of his Estate to his family’s charity, in order to benefit from the 36% rate on the taxable element of the Estate. The Charitable Trust X was properly established by Trust deed in 2024 […]
The 2025/26 tax year is the first year in which taxpayers may find themselves dealing with with the new foreign income and gains (“FIG”) regime as part of their Self Assessment tax return. For internationally mobile individuals, this is a significant change. The old remittance basis came to an end on 5 April 2025 and […]
When people think about UK tax, they often assume it all comes down to where they live. If they’ve moved abroad, they assume they’re no longer taxable in the UK. If they’ve moved here, they expect to pay UK tax on everything from day one. The reality is much more nuanced. Before you can work […]
What do the VAT rules say? When a VAT dispute with HMRC begins, attention naturally turns to the technical position: What do the VAT rules say, and why is our interpretation correct? But having a strong technical argument is only part of the picture. If the dispute progresses, being able to evidence the facts behind […]
Over the last twelve months, we have seen a significant increase in the number of business owners wanting to talk about exit planning. Some are actively considering a sale within the next two to five years. Others have no immediate plans to exit but recognise that retirement, succession, ill-health, changing market conditions, or simply a […]
Selling a company is one of the most important financial decisions a business owner will make. While attention is often focused on finding the right buyer and negotiating a strong sale price, the tax consequences can significantly affect the amount ultimately retained from the transaction. Decisions made months or even years before a sale can […]
Understanding the Tax Differences If you’re preparing to sell your business, you’ll probably spend plenty of time discussing the purchase price, the completion date and the finer details of the deal. What often comes as a surprise is that how*the sale is structured can be just as important as how much you’re selling the business […]
My Client is Returning to the UK After 12 Years Abroad – What Should We Do Before They Arrive? Scenario An accountant contacted ETC after hearing from a former client who was planning to return permanently to the UK after 12 years living and working overseas. The client had originally left the UK for employment […]
Planning to Sell Your Business? If you’re planning to sell your business, one of the first questions you’re likely to ask is, “How much tax will I have to pay?” The answer will depend on a number of factors, but one relief that often comes into the conversation is Business Asset Disposal Relief (BADR). If […]
There are specific rules dealing with earnings received during a period of absence from employment. Section 38 ITEPA 2003 broadly provides that, where an individual ordinarily performs some or all of their employment duties in the UK, earnings relating to a period of absence are treated as relating to UK duties, except to the extent […]
