The Importance of getting ‘It’ Right
Recent Tax Cases reinforce the message : Get Advice : Get It Right : Document It. The case of D. George shows the common promise of “you will be looked after on a third party …
Beware New Rules on Liquidations – HMRC Refuse to Give Clearance
Categories:
Anti Avoidance HMRC Tax Planning Capital Gains Tax Income tax Company Restructuring Entrepreneurs' Relief Close CompaniesAs you may be aware, new rules are being introduced with effect from April 2016 as part of the Finance Act 2016. These relate to distributions in a winding-up/liquidation and are designed to target certain …
Budget 2013: Loan to Participators (Overdrawn Directors Accounts) – s.455 Tax Charge
Budget 2013 announced various anti avoidance measures aimed at the loan to participators/overdrawn directors accounts s.455 tax charge . Repayment Provisions Amended To Deny “Bed & Breakfasting” Certain owner managed companies have previously been extracting funds from …