Further to our article in the Autumn 2012 bulletin, the Government has made some amendments to its grant scheme available for listed places of worship.

Many businesses in the financial sector supply both taxable and exempt services, often to the same clients.

HMRC has published its draft guidance on partnership taxation on its website, with a request for comments on its content.

Barely one year after the Liechtenstein Disclosure Facility was introduced, HMRC is changing the goal posts. Take-up so far has been low, circa 2,000 people, so one wonders whether or not this new more expensive regime will encourage more people to come forward.

From 6 April 2015, the 55% tax charge will be abolished and individuals under the age of 75 on death can pass their ‘defined contribution’ pension fund to any nominated beneficiary.

Identifying capital allowances can add significantly to cash flow benefits for profitable businesses. Legislation introduced in 2012 changed the process for claiming capital allowances on fixtures that increased compliance pressure on property transactions from April 2012.

There are several categories of residential property rental business with different tax consequences.

HMRC has published additional guidance following the withdrawal of the VAT exemption for supplies of business research services between eligible bodies on 1 August 2013.

HMRC to recruit a Second Permanent Secretary

Welcome to Tax update, which provides a round-up and explanation of the latest tax issues.

Welcome to Tax update, which provides a round-up and explanation of the latest tax issues.

Welcome to Tax update, which provides a round-up and explanation of the latest tax issues.

As of 27 May 2012, all funds that are currently part of the UK Offshore Funds Reporting regime are obligated to confirm with the UK tax authorities (HMRC) their intended equalisation arrangements.

Liam Clarke and Finbarr O’Connell explain how tax consequences need to be managed and cultivated in the right way.

The self-employed, members of a partnership or LLP, freelance consultants, buy-to-let investors and others who pay tax under the self-assessment system have just days to contact the taxman if their earnings or other income fell last year, thereby entitling them to pay a smaller amount of tax to meet the 31 July tax deadline than HMRC may be expecting.

From 1 April 2011 all company tax returns must be filed electronically with HM Revenue & Customs (HMRC) for accounting periods ending on or after 1 April 2010. The following documents to support the tax return must be filed electronically using ‘Inline Extensible Business Reporting Language’ or ‘iXBRL’:

The ATED charge initially applied to UK residential properties held in corporate and similar structures if worth more than £2m in April 2012, or at acquisition if later.

Whatever the reasons for a marital breakdown, tax issues will almost inevitably require consideration.

When claiming Entrepreneurs’ Relief on the sale of securities or shares in a company, there are two 5% rules to bear in mind.

The Court of Appeal has ruled that the famous painting of ‘Omai’ by Sir Joshua Reynolds is exempt from CGT – despite it selling for £9.4m in 2001.