Hello,
This week we have been taking a look at HMRC's annual Trusts and Estates newsletter and their final Employer Bulletin for the tax year. We are now updating a lot of our 'annuals' and also our calculators. We have a list of 'last minute' reminders as follows:
From 1 April 2024, personal representatives seeking to obtain probate will no longer need to seek a commercial loan to pay Inheritance Tax, before applying to HMRC for a grant on credit.
Missed our SME Tax Web-updates in March? Here is a summary of the month.
Companies making claims for Creative Industry Tax Relief will be required to submit an Additional Information Form (AIF) from 1 April 2024 onwards.
HMRC published another Employer Bulletin in March 2024, here is our curated version of the highlights of the bulletin with added useful links.
A fund formed to exploit intellectual property rights via special purpose vehicles was found by the Upper Tribunal (UT) to be a 'party' to the arrangements aimed at securing its investors' SEIS relief in one such company. This had the knock-on effect of creating disqualifying arrangements in the underlying SEIS company.
Hello,
This week we have summarised the highlights of the new Agent Update for you. It has been a relatively quiet week leading up to the end of the month with many changes from 1 April/6 April announced well in advance.
HMRC published Agent Update 118 on 20 March 2024. This is our summary of the highlights in direct and indirect tax announcements affecting for SME owners and advisers.
In the March Agent Update HMRC has introduced GOV.UK One Login as a new way of signing into government services.
Distributions in specie made from a share premium account were confirmed by the Upper Tribunal (UT) to be income distributions and not capital. The UT considered if the payments by a non-resident company satisfied the definition of a dividend for the purpose of English law.
