NICS

Given the kite flying since August, you could expect the real estate industry to take a collective sigh of relief today. Many of the more radical ideas did not come to pass, such as removing the exemption from CGT on selling a main home of a higher...

For the City of London, one of the most noteworthy tax reforms pursued by the Government since it was elected in 2024 has been the introduction of a new tax regime for carried interest, under which receipts will be taxed as trading income within the...

Fortunately, most of the pre-Budget scary stories did not come to fruition – and many owner-managers breathed a sigh of relief! Of course, most of the tax ‘damage’ for owner-managers took place last year, which has accelerated a lot...

QuestionMy client runs a business through a limited liability partnership. It was established in this form for legacy reasons many years ago. The business proved successful, and the individual founders took on investment from two companies who now...

Payments to employees under tax avoidance scheme were taxable earnings despite purported repayment obligation

Payments to an EBT to avoid income tax and NICs did not have a ‘prohibited purpose’

Insolvency consequences of a failed avoidance scheme: C Purkiss v T Kennedy and others [2025] EWCA Civ 268 (14 March) is not a tax case but will be of interest to many tax practitioners because it concerns the insolvency consequences of a failed...