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....
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...
Inheritance Tax Planning After Death

Inheritance Tax Planning After Death

Is it too late for Inheritance Tax planning after death? The now famous quote from Benjamin Franklin that there are only two certain things in life: death and taxes still holds true. As tax advisors, we are often in a situation where we have to deal with both at the...
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...