Issue: Vol 173, Issue 4452

The system is increasingly haphazard, the Institute for Fiscal Studies has warned

Partnerships with corporate members: how will new rules affect your clients?

The future of trusts in the light of proposed inheritance tax reforms and other recent developments

Capital gains tax implications of share investment club membership

As more farming clients are making significant trading profits, the potential advantages of incorporation must be considered. Advice is required on the herd basis aspects

Financial institutions were involved in the misselling of interest rate hedging products or “swaps”. Compensation payments involve elements such as “basic redress”, “interest” and “consequential...

RTI model; Getting back VAT; Charitable loan; Order of gifts

An artist traded through a limited company. His family inherited his shares on his death and the company continued to make sales, organise exhibitions and publicity events, and produce additional...

A client trades through a limited company of which he is the sole director and employee. His wife owns 50% of the company’s shares. The client will attend a four-day skills update course in the US ...

RPI The value of the retail prices index for March 2014 is 254.8. Tax credits HMRC will be sending text messages to some tax credit claimants between 20 May and 5 August 2014. The messages will...

The US tax authority, the Internal Revenue Service (IRS), has announced a relaxation of enforcement and administration of the due diligence, reporting, and withholding provisions under FATCA for 2014...

Late PAYE payments will incur in-year interest charges for the first time, HMRC have warned following last month’s introduction of a regime that replaces annual levies. Firms that want to avoid the...

Landlords can no longer claim tax relief for the replacement of white goods in unfurnished residential lettings, HMRC have confirmed. The department’s announcement to the ICAEW Tax Faculty and the...

HMRC aims to stay claims for compound interest