The Fool on the Hill?
I note commentary in Taxation approving of ‘High Tech’ solutions. This would encompass (I gather) everyone signing up to the ‘Cloud’. Technology is wonderful. BUT: Some points. They are meant for debate, and I certainly …
New Changes Restrict Reliefs for Goodwill But Options Still Remain
Categories:
Corporation Tax Tax Planning Capital Gains Tax Company Restructuring Entrepreneurs' Relief Eaves and Co Incorporation ReliefTwo changes were announced in the Autumn Statement to the treatment of goodwill on incorporation, which had immediate effect from 3 December 2014. These were as follows: Entrepreneurs’ Relief is no longer available on a …
McLaren’s FIA Fine Not Wholly and Exclusively for Trade
We wrote previously regarding the First-Tier Tribunal case of McLaren Racing Ltd v HM Revenue & Customs, where the Tribunal found that the fine relating to spying on Ferrari (which amounted to around £34m) was …
Employer-Financed Retirement Benefit Schemes (EFRBS) Settlement Opportunity
HMRC Offer EFRBS Settlement Opportunity HMRC are giving employers the chance to settle open enquiries into the use of employer-financed retirement benefit schemes (EFRBS). The settlement opportunity applies to contributions made by employers on or after …
Changes to Corporation Tax deductions available for employee share schemes
Under current legislation a corporate tax deduction is given on shares acquired through employee shares schemes. The amount of the deduction available is the amount that is chargeable to income tax when the shares are …