The withdrawal of the married couple’s allowance from 2000/01, together with the uniform personal allowance for all individuals irrespective of marital status, has meant that married and cohabiting...
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Unlawful dividends: What are the consequences?
10th April 2020
A relatively common occurrence in family or owner-managed companies is the inadvertent payment of unlawful dividends. If a company’s dividend exceeds its distributable reserves, this will be an...
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Incorporation relief: Proceed with caution!
8th April 2020
The transfer of chargeable assets from an unincorporated business to a company is a disposal for CGT purposes.
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Discovery assessments must be 'new' and not 'stale'
7th April 2020
Under TMA 1970, s 29, HMRC can raise an assessment where it ‘discovers’ that:
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