Tax experts will take to the road next month to find out how and where the complexities of the tax system are causing an administrative burden for small businesses.
Timothy Lloyd provides practical tips for making a rollover relief claim
HMRC has updated its introduction to the scheme, to reflect the legislation and HMRC online guidance as at 20 September. See www.lexisurl.com/Z2IP0.
The ICAEW Tax Faculty has warned that compliance and information obligations arising under revised proposals for the restriction of pensions tax relief are ‘likely to make many more employers, at least in the private sector, consider closing their defined benefit schemes to future contributions,
Claire Evans reviews the tax implications of the proposed abolition of UK GAAP and what companies should be doing about it now
Shareholders selling for deferred consideration in the form of loan notes historically may have taken QCBs. Aaron Fairhurst considers whether there position has changed following F(No 2)A 2010.
The Government’s alternative proposals to restrict pensions tax relief are an improvement on the previous administration’s rules but there are still issues to be resolved to make them workable, said the CIOT.
The National Association of Pension Funds (NAPF) has welcomed the Government’s alternative proposals to restrict pensions tax relief for those on higher incomes, but warned that ‘unintended consequences will punish savers who are not high earners’.
A technical note setting out how the ‘regional employer NICs holiday for new businesses’ will work is available via www.lexisurl.com/Dn57B.
Issue 19 of HMRC’s Agent Update includes items on: