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. Read the full article. Disclosure Update: Isle of …

One of the problems with Entrepreneurs’ relief as opposed to the old rules on Business Asset Taper Relief, was that employee shareholders could struggle to acheive the relief due to the 5% holding requirement.  This …

This new tax year sees the opening of new tax disclosure facilities for offshore tax havens of Isle of Man, Jersey and Guernsey.  They offer a streamlined disclosure method for offshore hidden funds with a …

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 …

There has been much publicity in the media in recent months over tax avoidance, and whether certain parties are paying the “right” amount of tax.  Whilst such discussions have often focused on big businesses trying …