A game changer for Entrepreneurs’ Relief?

A game changer for Entrepreneurs’ Relief?

In the recent tax First Tier Tribunal (FTT) Potter case, it was ruled that the company activities were the key when determining whether it was a trading company for Entrepreneurs’ Relief, even when the majority of income and assets were derived from investment bonds....
The VAT domestic reverse charge delayed until 1 October 2020

The VAT domestic reverse charge delayed until 1 October 2020

HMRC delays the introduction of the VAT domestic reverse charge for at least a year. Since the publication of our original post below in August 2019,  HMRC has announced that the VAT domestic reverse charge will not be introduced until 1 October 2020. HMRC explains...