In Royal Commonwealth Society for the Blind v John Wayland Beasant and Benjamin How Davies (as personal representative of the Estate of Audrey Arkell deceased) [2021] EWHC 2315, the High Court interpreted a nil rate band clause in a will so as to cancel a gift to an individual and increase the amount left to charity.
SME Tax News
HMRC have released guidance to accompany the draft legislation that they released which covers Uncertain Tax Treatment (UTT) for large businesses.
When you acquire two or more dwellings as part of the same transaction or as linked transactions a claim for Stamp Duty Land Tax (SDLT) Multiple Dwellings Relief (MDR) may well be possible. Our latest survey of unsuccessful claims for MDR by property buyers reveals that buyers and their advisers are getting the rules wrong.
The leading professional bodies have written to the Financial Secretary of the Treasury asking the government to reconsider the timing of proposals to change the tax basis periods and introduce Making Tax Digital (MTD) for Income Tax in April 2023.
HMRC has updated ‘List 3’ its list of approved professional organisations and learned societies. While there do not appear to be any newly added bodies for 2021, 2020 was something of a bumper year. 12 new organisations were added to the list, including, somewhat surprisingly, a Berlin-based German IT body.
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This week we look at employee share schemes, a new Agent update, whether a land sale is capital or revenue, an IR35 appeal clears its first huge hurdle and many more fascinating tax things, plus you can buy tickets to our first-ever Virtual Tax Partner practical tax conference.
A survey by the waste management company Veolia has found that 83% of UK companies don't know about the Plastics Packaging Tax due to come in next year.
HMRC have issued their Agent Update for August 2021. We have summarised the key content for you with links to our detailed guidance on the topics covered.
The government, via the Home Office, has decided not to go ahead with plans to introduce a centralised register of bank account and safe deposit box ownership due to the high costs involved compared to the potential benefits.
Can you ask Companies House to extend your filing deadline for company accounts? You can apply to extend your deadline if you cannot send your accounts because of an event that is outside of your control.