Case
Case – Growth Sharies
Introduction The company grew quickly and the benefits increased year over the year. To encourage employees that management wanted to set up an action regime. Issue Management wanted the initial cost be as low as possible. UnfortunateTely HMRC early insurance was not available. How we resolved it We suggested Take various categories of growth actions […]
Case – Implications of dual tax residence for a company
Introduction Our client owns three UK companies and has recently moved overseas for the foreseeable future. Our client intends to run their business from another country and would like to understand the tax implications of doing business in the UK. Issue It is possible for a company to be resident in more than one country […]
Disclosure of the case to HMRC
Introduction We were contacted by a client who recently realized that they had incorrectly declared their workplace pension contributions on their tax return. Although the degressive provisions were taken into account, he had not calculated or declared the annual allowance (AAC) which applies when the total contributions exceed the annual allowance. Issue Our client had […]
Case: Non-domiciled investment banker loses appeal against £675,000 tax bill over director loans
Non-domiciled investment banker loses appeal against £675,000 tax bill over director loans Mr The investment was intended to qualify for business investment relief, making it exempt from tax. Business Investment Relief (BIR) is a potentially valuable tax relief for UK taxpayers, particularly non-doms, who have used or are currently using the remittance basis. The BIR […]
Case – Why it is important to understand if a property has chosen to be taxed with VAT
Introduction Our client purchased land that the seller thought would be covered by a tax option. The problem Adding VAT to the sales price would make the transaction untenable, as the customer would not be able to recover the VAT. How we solved it We reviewed documents dating back to 2004, when the initial taxation […]