Tax and Insolvency
By Mala Kapacee
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Tax
16th June 2020
For some time, HMRC have been lobbying to become preferred creditors on liquidation of a company. Under current rules, secured creditors are paid first and all unsecured creditors (HMRC included) are...
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Swings and roundabouts: Tax and welfare interaction in the coronavirus age
By Robin Williamson
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Tax
27th May 2020
In the last couple of months, many individuals have experienced financial loss, but most of them have been able to turn to the State for support in the form of the Job Retention Scheme and now also...
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Strategy Workshop for Accountants with Jane Aylwin
By SmartVault
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Accountancy
13th May 2020
Improve the way you run your practice and increase your profits through strategic planning. How and why, you should hold your own strategy workshop The recent global events have been...
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Can HMRC be compelled to keep to its word?
7th May 2020
Can a taxpayer require HMRC to do what it has said it will do, even if it is wrong or based on a mistaken view of the law?
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HMRC but not as you know them...
5th May 2020
Over the last month HMRC have swiftly changed from a tax collection machine to a money distribution centre and they have carried this out admirably.
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Spouses and cohabitees: Tax issues
By Mark McLaughlin
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Tax
13th April 2020
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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IR35 changes delayed
24th March 2020
It only took a worldwide pandemic, but the government agreed on the 17 March 2020 to delay the forthcoming changes to IR35.
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