ScottishPower: Are fines and penalties deductible as trading expenses?
I always think that the first tax rule that people learn is the one that prevents a trader from claiming a deduction for...
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Professional services firms: how to sell your practice
The appetite for buying and selling professional services firms at present is high. This may be being driven by a combin...
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The scope of inheritance tax: a new residence-based system
From 6 April 2025, the concept of domicile as a connecting factor for inheritance tax purposes will be replaced with the...
The corporate interest restriction: don't get caught out!
Initially a response to the financial crises of 2008 and the high profile tax planning arrangements implemented by some ...
PAYE: our most important tax system
The single most important tax system in the UK is, of course, the Pay As You Earn system.
Pillar Two: the impact on UK businesses
A two-pillar corporate tax reform plan was agreed between OECD members in October 2021.
The case of HMRC v Yaxley: the power of a single word
The Self Assessment rules are prescriptive.
Pre-nuptial and post-nuptial agreements
Families face an evolving legal and tax landscape that demands careful planning, particularly when it comes to safeguard...