Issue: Vol 173, Issue 4444

Each Taxation writer provides a tetrad of analyses of the chancellor’s announcements

How to fund research and development without losing tax relief

Holding shares in a trading company by way of a partnership is not a bar to business property relief

Closing days of the court case of the accountant charged with cheating the public revenue

Wealthy widower; Loan finance company; GP pensions; VAT and company

A will trust owns and operates the business of a school. The trustees wish to form a limited company, of which the trust will be the sole shareholder, to which the school assets and liabilities will...

A cafe owner wishes to sell his business, which is operated by his limited company. As director, he is still owed £18,000 from monies previously loaned to the company

A VAT-registered business has received an order from Russia for office furniture. This will be ordered from a French supplier and, as requested, the goods will be delivered directly from France to a...

The director and 100% shareholder of a failing company decided to incentivise the two managers by issuing separate classes of shares to them, with dividends being paid from future profits. The share...

Employers face penalties at the end of the 2013/14 if they should have started using the real-time information (RTI) system but have not yet done so, HMRC have warned. The department urged firms to...

VAT seizures increase The number of businesses that have had assets seized and sold by HMRC to pay overdue VAT bills has increased, according to Syscap, an independent finance provider. Figures...

The government is consulting on how to clamp down on charities being set up to avoid tax. Last year’s autumn statement included the move to bring forward rules aimed at keeping charities from being...

HMRC have fixed a problem with their business tax dashboard that caused employment records to merge on the department’s systems. The error hit some firms that employed a work to do more than one job...

HMRC have published a note to clarify the interaction of the enterprise investment scheme (EIS) and co-productions in film and television and, in particular, the eligibility of co-productions to...

HMRC are set to introduce enhanced functionality to their toolkits as part of the department’s annual maintenance cycle to review and refresh content. The move follows requests by tax agents for means...