Action points

If you can’t see this page in full you’re not logged in. (Become a paying subscriber or a registered user for free.)

• Do you need to tell HMRC about any clients’ PAYE schemes that are no longer operating? Check through your clients to see if any are needlessly open and inform HMRC as necessary. This will also prevent unnecessary correspondence about the scheme arising.
   
• The Upper Tribunal confirmed in Duckmanton v CRC that legal costs must be wholly and exclusively for the purposes of a taxpayer’s trade to be an allowable deduction.
   
• HMRC continue to take the view that personal goodwill cannot be transferred from an individual. Very strong arguments and professional valuations will be required if such a transfer is being contended.
  ...