The chancellor George Osborne has made his budget report. Highlights include changes to the Entrepreneurs' Relief rules for limited company investment in partnerships, associated disposals and joint venture holdings and a restriction on CGT relief on wasting assets. Do read on to the end.
The Marriage Allowance, also referred to as the Transferable Allowance for Married Couples and Civil Partners, was introduced on 6 April 2015. What is it? How can I claim it? Is the timing of a claim important?
Here is a summary of the top topical stories on tax avoidance that have hit the headlines, all from the viewpoint of an SME tax adviser.
HMRC can clock up another victory in tax avoidance litigation. The Court of Appeal has dismissed an appeal by the Eclipse Film Partners No 35 LLP (Eclipse 35), upholding the earlier findings of the FTT, that it was not carrying on a trade.
In Hutchings v HMRC [2015] TC04421, the main beneficiary of a deceased taxpayer received a tax penalty for failing to disclose for Inheritance Tax purposes a gift made from his dead parent’s undisclosed Swiss bank account. This is the first case under this legislation.
HMRC have launched a new trial online facility that allows employees to update their own company car details.
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