Topical Tips - page
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PLEASE NOTE: The Archive is a historical resource and by the very nature of these tips the details of tax law might have changed since they were published, so contact your Barnes Roffe partner before acting on any matter contained in these tips.
June 19, 2018
TT272: Worldwide Disclosure Facility
A last opportunity to correct offshore errors in respect of taxation before the new failure to correct offence and related punitive penalties come into effect on 1 October 2018 Urgent action is required by all taxpayers that might be impacted There is nothing unlawful in UK tax residents having bank accounts or assets outside of. . .
June 04, 2018
TT271: European Commission state aid approved EMI regime
Further to our Topical Tip 270, regarding EMI Share Option Schemes, on 15 May 2018 the European Commission announced that it had renewed state aid approval of the EMI regime.
May 01, 2018
TT270: EMI share option schemes
Enterprise Management Incentive (“EMI”) share option schemes have been an extremely popular tool used by companies to incentivise and retain key employees since their introduction a number of years ago. Which makes the announcement on 4 April 2018 by HMRC a concern for the companies that we advise.
April 24, 2018
TT269: Does Your Company Own Residential Property? If Yes this is important information
If your company owns residential property then it could fall within the annual tax on enveloped dwellings (ATED) regime.
April 17, 2018
TT268: Grandparents – can you help educate your grandchildren tax free?
It is well known that the income of any child (above £100 per annum) derived from capital given by their parents is taxed as income of the parent themselves. It is this rule that prevents parents being able to pass capital to their children to enable them to generate income to use up their personal allowance or lower rate income tax bands.
February 28, 2018
TT267: IR35 Case
Christa Ackroyd Vs HMRC – IR35 ruling We have recently had a line drawn under the Christa Ackroyd v HMRC tax case, a typical IR35 case and the first ruling under this legislation in seven years.
December 07, 2017
TT266: Film and Television Production
What do the new “Risk-to-Capital” provisions added to the Seed Enterprise Investment Scheme (SEIS) and the Enterprise Investment Scheme (EIS) mean for film and television production?. . .
December 05, 2017
TT265: Seed Enterprise Investment Scheme (SEIS), Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCT)
On 4 December 2017 HMRC published draft guidance in relation to the new risk-to-capital condition included in the Finance (No2) bill 2017-2019. This new condition will apply to shares issued after royal assent to the Finance (No 2) bill.
November 23, 2017
TT264: 2017 Autumn Budget
When the Chancellor began his Budget speech by stating that the 2017 Autumn Budget was about “more than just Brexit” he meant exactly that, with the only announcement directly relating to Brexit being an additional £3 billion of funding in preparation for leaving the EU.
October 16, 2017
TT263: Get ready for the new General Data Protection Regulations (GDPR)
The new GDPR is now only seven months away – and now is the time to start preparing your business in order to be ready in good time before its introduction on 25 May 2018.