Distributions in anticipation of striking off rules
The Extra Statutory Concession (ESC) – C16 was a well-used extra-statutory concession that allowed company directors to treat final distributions as a capital disposal and close
New Freeports to cope with Brexit
The government is moving ahead with plans to build free trade zones – known as Freeports – across Britain after Brexit. Freeports are a special kind of port where normal tax and
Property not let at commercial rates
There are special rules that apply when a property is let at less than a commercial rate or is not let on commercial terms. These rules also apply if a property is occupied rent
Implementation of the loan charge
HMRC has published further guidance on the implementation of the loan charge and has made clear there will be no special settlement terms.
This follows an independent review
New measures to tackle promotion of tax avoidance
HMRC has published a series of a consultations together with details of proposed legislative changes to existing anti-avoidance regimes to strengthen HMRC’s ability to
HMRC to gain new civil information powers
A new measure that will provide HMRC with additional civil information powers is expected to take effect when the Finance Bill 2020-21 receives Royal Assent. The new measure known
Making Tax Digital next steps
HM Treasury has confirmed the extension of Making Tax Digital (MTD) to cover businesses with a turnover below the VAT threshold and for certain individuals who file Income Tax
Gift Aid for cancelled charity events
HMRC has published new guidance on the scheme for charities that have had events cancelled due to coronavirus.
The Gift Aid scheme allows charities or Community Amateur Sports
Lifetime ISA rules changed
The Lifetime ISA allows those aged between 18 and 40 to save for a new home or for their retirement. Under the scheme, the government provides a 25% bonus on yearly savings of up
Tax-Free Childcare scheme
The Tax-Free Childcare Scheme (TFCS) is open to all eligible families with children under 12. It was announced as part of the Budget measures that a service improvement will be