From April 2014, HMRC may collect outstanding class 2 NICs by adjusting the tax codes of individuals in PAYE employment or who are paid a taxable UK-based private pension.
Director’s personal liability for company’s unpaid NIC
Payment to settle court proceedings: whether deductible from consideration for shares
Wendy Walton and Miranda Chamberlain review recent developments in the private client arena, which include alternate dispute resolution, an update on ATED, HMRC’s let property campaign, and the FTT decision on discovery assessment in the Michael Freeman case
Pension from International Bank: whether exempt under UK/USA double tax convention
HMRC’s administration of the QROPS regime has the effect of making cross-border transactions far less attractive and considerably riskier than keeping funds in the UK, reports Robert Waterson.
In the case of Healy, an actor who rented a flat close to a theatre where he was performing in a long-running production, sought a tax deduction for his rental costs. Peter Vaines considers the decision of the Upper Tribunal and whether the duality of purpose test actually applies.
Martin Mann answers a query on the receipt of an earn-out by a sole shareholder of a holding company selling a trading subsidiary.
A new tool has been released by HMRC so that pension scheme members can check whether they need to calculate an annual allowance tax liability and complete a self-assessment tax return. Further details are available.
David Cohen considers how FA 2013 has created two contrasting opportunities for employee shareholders to pay little or no CGT.