The availability of entrepreneurs' relief and the timing of gains should be reviewed whenever there is a share reorganisation or a sale of shares in exchange for shares or loan notes in the acquiring company. Paula Tallon and Paul Howard set out the relevant considerations for advisers.
HM Treasury is seeking views on an Office of Tax Simplification proposal for relief against tax charges arising on the disincorporation of a business.
The government has received EC state aid approval for changes announced at Budget 2012 to the Enterprise Investment Scheme and the Venture Capital Trust scheme, increasing:
A planned consultation on options for integrating the operation of income tax and NICs will not be held until after the summer, the government has announced.
Six new HMRC taskforces – specialist teams that undertake ‘intensive bursts of activity’ in high risk trade sectors and locations – are expected to recover tax of more than £23m, the department announced.
While we could probably live with Greece exiting the euro, stopping the contagion from spreading to other economies is the big fear, David Smith writes.
Susan Ball and David Daly review HMRC’s recent guidance, consultation and the implications for contractors and engagers.
Andrew Penman answers a reader's query on tax on a retiring partner.
The government’s proposed legislation to ensure that ‘controlling persons’ working for an organisation have PAYE income tax and NICs deducted at source will not change anything in practice, according to one expert.
The government is consulting on a proposal to ensure that ‘controlling persons’ working for an organisation have PAYE income tax and NICs deducted at source.