The AHDB launched on 1 April 2008. Unfortunately, but as expected, the industry has not received the Board with open arms.

In 2009, HM Revenue & Customs (HMRC) introduced the ‘time to pay’ (TTP) initiative scheme for businesses struggling to survive the recession.

The recent Tenant Services Authority consultation on the future of regulation for the sector proposed a number of profound changes to the ways in which the regulator would conduct its role.

Businesses can claim first year allowances (FYAs) on certain types of plant and machinery. FYAs allow the business to claim up to 100% of the expenditure incurred.

Taxpayers who are more than three months late in filing their self-assessment tax return become subject to a late filing penalty of £10 per day.

The HMRC has established a task force specifically to look at irregularities with the tax affairs of solicitors and barristers in the London area.

By 2016 HMRC will have full details of UK resident beneficial owners of bank accounts, companies and trusts which are located in Jersey, Guernsey and the Isle of Man.

UITF Abstract 41 ‘Scope of FRS 20 Share-based payments’ deals with circumstances where, because of public policy or other reasons, shares are given to individuals or entities that have either not provided goods or services or have provided them but at less than the fair value of the share-based payment.

The new IFRS 8 ‘Operating segments’ will replace IAS 14 ‘Segment reporting’ and apply only to listed entities. The new standard broadly follows the provisions of the exposure draft discussed in the July 2006 edition of Financial Reporting and represents part of the short-term convergence project between IFRS and US GAAP.

Decisions upon charitable status rarely reach the higher courts.

With rising stock markets and the introduction of 'individual protection', higher earners approaching retirement should check the value of their pension funds.

A recent tax case decided at the Supreme Court held that a fixed share equity member of an LLP was a ‘worker’ within the meaning of Employment Rights Act 1996.

Increasingly unconventional monetary policy from the developed world's central banks has meant that large fluctuations in the world's major currencies has become a key feature of the past few years.

Numerous businesses involved with the organisation of events do not realise that the compulsory new Tour Operators Margin Scheme rules apply to them.

The Chancellor gave a small helping hand to first-time buyers stepping onto the property ladder today at the expense of some wealthy house buyers.

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

Christine Goodyear is a solicitor/director of Goodyear Blackie Herrington Solicitors, specialising in advising charities, particularly educational charities.

This heading is not intended to be a cynical observation brought on by the latest divorce statistics.

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

With the recent release of Mary Portas’ final proposal to the Government for the regeneration of Britain’s ‘vacant high streets’ and the continuation of figures being released; ‘over 14% of Britain’s high streets are currently unoccupied’ (The Local Data Company); surplus property and vacant sites are hot topics.