A round up of our latest blogs, commentary or office news. Get in touch if you need more details on any of the topics covered.
Cassandra Graham, Senior Tax Manager at Bates Weston, considers the use of tax planning in attracting and keeping people who are driven to grow your business, in particular the use of tailored share incentive schemes.
Craig Simpson, Tax Partner at Bates Weston considers whether an increase in Capital Gains Tax is on the way, following the Chancellor’s request for a review of Capital Gains Tax in a letter to the Office for Tax Simplification.
Craig Simpson reviews the changes to Entrepreneurs’ Relief, anti forestalling measures (s.169Q election) and the impact on family wealth planning.
We summarise the main points from the Budget 2020 and our tax team highlight the key points for business owners.
What will the Chancellor’s Budget 2020 speech hold in store for business owners?
Richard Coombs, Tax partner at Bates Weston, looks at the HMRC Loan Charge Review and the arrangements for repayment of settlement amounts.
Changes to off-payroll working rules -IR35- will go ahead in April following Treasury report.
Bates Weston’s Tax team take a critical view of the Inheritance Tax reforms proposed by the All Party Parliamentary Group (APPG). The suggested reforms to the current Inheritance Tax regime are proposals, not yet policy, and will be heavily lobbied against.
Our Year End Review Tax newsletter takes you through steps you can take to claim all relevant allowances and pay no more tax than you need to for the tax year ending 5 April 2020.
The importance of Form 17 in planning tax efficient rental income from jointly owned property . Proper tax planning in this area can be very effective, but getting it wrong can be very expensive. Make sure you understand the rules or ask a tax professional to help you.
Concerned that the impact of planned changes to off payroll working rules or IR35 has not been fully assessed, the House of Lords Finance Bill Sub Committee has launched an inquiry.
Congratulations to Phil Jones on 45 years of exceptional service to Bates Weston and our very best wishes for his retirement.
Government continues to take steps to support the Fourth Industrial Revolution by appointing inaugural chair of Regulatory Horizon Council.
Understand how the value of your family home and the residence nil rate band may affect your inheritance tax bill.