The ICAEW comments on the Tax Administration Framework Review consultation which closed on 13 July 2021.
Consultation document proposes moving from a current (accounting) year basis to a tax year basis for reporting tax on self-employed profits.
Are Family Investment Companies (FICs) the best way to preserve family wealth or do trusts still have the edge?
HMRC is making SEISS (Self-Employment Income Support Scheme) auto-corrections to 2020/21 tax returns where it believes the total of declared SEISS grants received does not match their records.
Restructuring a business when outgrowing a Family Investment Company through a demerger can be a tax efficient way to allow family members to pursue different commercial goals.