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...
Selling off or developing your garden?

Selling off or developing your garden?

It is important to be aware of the tax traps and pitfalls involved when considering selling off or developing your garden. Over the years the trend has been towards smaller and smaller gardens, reflecting the increasing cost of land. Some, owning houses with...
Loan Charge review announced by Government

Loan Charge review announced by Government

After extensive lobbying by affected taxpayers, MPs and other interested parties the Government last week finally announced a fresh review of the controversial loan charge.  Whilst this is welcome, a healthy portion of scepticism is required as the make-up of the...
HMRC take their time with R & D tax credit claims

HMRC take their time with R & D tax credit claims

Delays to R & D tax credit claims Richard Coombs, Tax Partner at Bates Weston reports that HMRC are currently taking up to 90 days to process R & D tax credit claims compared to the expected 28 day response. “Clients will need to be aware of the impact...
Section 431 Election – more than just a piece of paper?

Section 431 Election – more than just a piece of paper?

Cassandra Graham, Tax Manager at Bates Weston explains the relevance of a section 431 election when an individual acquires employment related shares. “The signing of a section 431 election tends to be a standard part of the legal process when an individual...