Extracting capital from a company – GAAR panel opinion

Extracting capital from a company – GAAR panel opinion

The GAAR advisory panel has released an opinion into a share scheme designed to extract capital from a company in a tax free form. Craig Simpson, Tax Partner at Bates Weston, reviewed the panel’s announcement and commented: “Perhaps not surprisingly HMRC...
Brexit preparations from the Government

Brexit preparations from the Government

With the latest Brexit deadline looming, the Government is issuing advice for businesses trading with the EU. HMRC has written to 145,000 VAT registered businesses across the UK explaining the changes to customs, excise and VAT if the UK leaves the EU without a deal...
Bates Weston Summer Newsletter for Charities

Bates Weston Summer Newsletter for Charities

In this summer edition of our charities newsletter we are looking at reserves policies, conflicts of interest,  GDPR, cyber breaches and a digital code of practice plus the Charities SORP (FRS 102), the delay to the planned changes in probate fees, a cautionary tale...
Plastic Packaging Tax consultation published

Plastic Packaging Tax consultation published

If you are in the packaging industry, are a pack filler, brand owner or retailer, you may be interested in the summary of responses to the “Plastic Packaging Tax” consultation, published by the Government this month. The Government wants to encourage the sustained use...
Myth busting on Making Tax Digital

Myth busting on Making Tax Digital

HMRC has decided to dispel some of the myths it believes surround Making Tax Digital for VAT. Among the myths they are challenging is that businesses don’t know MTD is happening or what to do. They maintain that more than 80% of businesses had already started to...