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It has long been established that a business must pay tax on the profits of its trade and that the starting point for quantifying the taxable profits of that trade is the accounts.

Introduction and recent statistics

The Enterprise Investment Scheme (EIS) is one of the most widely-known reliefs for private investors seeking to make a tax-efficient investment in a com

There have been quite a few changes in the last few years to the R&D tax relief regimes and also to the relatively new Patent Box regime.

Even by today’s standards when anti-avoidance legislation seems to be more and more radical, the Transactions in Securities rules (TIS) were widely seen as condemning tax avoidance transactions to

If, like me, you deal with entrepreneurial clients and OMB’s the tax year end is usually one where you review their affairs and have a discussion to decide on those things that they needed to have

In recent decades there has been much government encouragement for farmers and landowners to diversify away from pure farming to generate higher profits or in reality to ‘prop up’ farm losses.

A fundamental rule of tax law is that a person carrying on a trade can only claim a deduction for an expense that is incurred ‘wholly and exclusively’ for the purposes of the trade.

Imagine the following scenario: Stuart and Jean are married and live in York. Stuart is self-employed and works from home traveling to clients in his capacity as a consulting engineer.

The decision in The Queen on the Application of Mr De Silva and Anr v The Commissioners for Her Majesty’s Revenue and Customs has received very little professional comment.

A regular theme of reports by the Office of Tax Simplification (OTS) has been that life would be simpler if income tax/PAYE (IT) and national insurance contributions (NICs) were brought together.