SME Tax News

The GAAR Advisory Panel has published an opinion on a number of schemes aiming at extraction of cash/value from a company by its directors/shareholders using Employee Shareholder shares and they conclude that the planning is unreasonable and therefore inconsistent with government tax policy.

HMRC's latest Employment Related Securities Bulletin contains some handy tips. Here is our enhanced version.

Hello

We have a new guide to company start-ups, a company update and lots more this time.

Switzerland is banning the issue of bearer shares by unlisted companies from 1 November 2019. 

It seems that there is currently an issue with HMRC’s ‘VAT when you sell a vehicle’ online tool which is producing incorrect results.

Recent figures released by HMRC about Inheritance tax in the UK show an increase in the value of estates and a drop in business and charitable relief claims. This resulted in increases in 2018/19 tax receipts to £5.4billion.