Faculty of Doctoral Research
Introduction – The tax issue and its importance The tax issue concerns the deliberate claiming of input tax by means of false invoices, which were issued for supplies that were never made. This is important as it concerns the integrity of the VAT system, ensuring that businesses accurately report and pay their taxes. Deliberate fraud […]
Introduction to employee share trusts Employee share trusts have grown in popularity in recent years with a catchy title: “NO CGT IF YOU SELL YOUR BUSINESS TO AN EOT”. In this article, we’ll dig a little deeper into employee share trusts to see if the attention-grabbing headlines are a little too good to be true. […]
We supported our Tax Partner Pro members via email and callback service. Here’s a look at some of the most recent questions we answered in November 2024. Q Could I have some information on the completion of the 10th anniversary trust return, I have looked at HMRC and it is very contradictory. My client has […]
Upcoming changes to the UK tax regime for non-doms could inadvertently worsen the budget deficit. The government’s newly introduced transitional rules, which come into force in April 2025, could accelerate the departure of non-dominants, reducing potential tax revenues. A lucrative one-way ticket? The new rules, which came into force on April 6, 2025, will end […]
Case of the month Introduction Before 2013, it was quite common for an offshore company (Offco) to own residential property in the UK. Even if the rental income were taxable, the company would not be liable for capital gains tax (CGT) and non-domiciled shareholders would not be liable for IHT either. Even allowing for the […]
The legal process of debt recovery Depending on the individual circumstances of the case, an attorney may use the following legal measures to collect unpaid bills from a debtor. It is important that the debt recovery process follows the pre-action protocol, starting with a pre-action letter. Letter before action (LBA) – Initially, a lawyer will […]
Fall budget overview A few minutes after 12:30 p.m.th In October 2024, Rachel Reeves stood up and delivered Labor’s first budget in over 14 years. Before the budget, there was a lot of speculation as to the contents of the budget, with Labor remaining fairly tight-lipped about likely changes to the budget. We have provided […]
Introduction Inheritance tax (IHT) is a concern for many people planning their estate, particularly those with significant assets. Although there are several strategies for reducing inheritance tax, the “Rysaffe Principle” is one of the lesser known but very effective methods. This strategy helps mitigate the IHT burden through the use of multiple trusts. Here is […]
We supported our Tax Partner Pro members via email and callback service. Here’s a look at some of the most recent questions we answered in October 2024. Q Our client incorporated a rental portfolio into a limited company but made an unrealized gain on incorporation due to the remortgaging of the properties. I understand that […]
When it comes to self-assessment tax returns, being punctual is crucial. Failing to submit your tax return by January 31 following the end of the relevant tax year or failing to pay your taxes due on time may result in automatic penalties from HMRC. Additionally, failure to notify HMRC of the taxation will also result […]
