Blog19th Apr 2019Short Term Business Visitors – Deadline ApproachingAn Appendix 4 Short Term Business Visitor (STBV) arrangement provides an opportunity for employers to relax the strict PAYE requirements for individuals employed by a related overseas company who come to work in the UK for the UK company or…View more
Blog15th Apr 2019Pensions Tax Trap intended for Super Rich now threatens ordinary workers.Whats the issue? The Pensions Lifetime Allowance Savings Limit (LTA) was originally introduced by HMRC to introduce an additional tax on the very wealthiest pensioners, or at least those who have managed to build up a significant pension fund at…By Lynn GracieView more
Blog12th Apr 2019Norwegian Income Tax Returns – Deadline ApproachingAs part of the Norwegian income tax compliance process, individuals who have worked in Norway, either offshore on the Norwegian Continental Shelf or onshore in Norway have a responsibility to complete a Norwegian income tax return.View more
Blog9th Apr 2019R&D Tax Relief: Preventing Abuse of the SME SchemeResearch and Development (“R&D”) tax relief is a government initiative to try and support businesses investing in innovative activities. The relief is an attempt to support the government’s aim of increasing UK expenditure on R&D to 2.4% of GDP by…View more
Blog8th Apr 2019Employment Related Security ReportingAs we are nearing the end of another tax year, employers need to start turning their attention to the various ‘end of year’ returns that need to be submitted to HMRC.View more
Blog5th Apr 2019No ‘duty free’ for personal taxes!The world has definitely become a smaller place, but in international tax terms, it is bigger and more dynamic than ever.View more
Blog2nd Apr 2019Incorporation – The Forgotten Tax Planning ToolDuring the mid to late 2000s, when the top rate of income tax was as high as 50%, operating as a limited company was viewed as the ‘gold standard’ in terms of tax-efficiency and shareholder protection. In the 10 years…View more
Blog1st Apr 2019When companies go bust, who gets what – Part 2In November 2018, my article “When companies go bust, who gets what?” went live on the AAB website. As with all these things, it had been drafted shortly before publication date, and most crucially before the Chancellor’s budget on 29…View more
Blog26th Mar 20195.6 Million Offshore account details handed over …. No surprise when HMRC confirms new strategy ‘No Safe Havens 2019’Since 2010, the government has introduced over 100 new measures to tackle tax non -compliance, which have raised some £200 billion in additional revenue. This has been helped by the global exchange of information, where over a hundred countries have…By Lynn GracieView more
Blog25th Mar 2019Brexit … now affecting UK Tax Return Late filing penaltiesSelf Assessment tax returns not submitted by the 31 January deadline, incur an automatic £100 late filing penalty. HMRC do not normally “dilly-dally” when issuing penalty notices, however this year is a bit different. The reason? Brexit. HMRC are anticipating…By Lynn GracieView more
Blog21st Mar 2019HMRC – Clamping down on undisclosed Diverted Profits Tax and Corporate Tax liabilities …again!HM Revenue & Customs (‘HMRC’) recently announced the launch of the Profit Diversion Compliance Facility (‘PDCF’), a new disclosure facility for HMRC. This disclosure facility is aimed at helping multinationals disclose any Diverted Profits Tax (‘DPT’) or Transfer Pricing (‘TP’)…View more
Blog20th Mar 2019Spotlight on fundraisingFundraising for start-ups or early stage companies has always been a challenging task as anyone who has seen the plucky contestants enter the Dragons’ Den on the hit television programme can agree. However, with a high number of innovative and…By Gillian RushtonView more