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Over recent years the taxation of permanent establishments (PEs) has been subject to close domestic and international attention and so become an increasingly important topic for global business.

Throughout its 19 years as a committee of the Chartered Institute of Taxation (CIOT), the Low Incomes Tax Reform Group (LITRG) has steadily evolved.

What is profit extraction?

How to extract profits from a business remains one of the fundamental questions facing owner managers and, as tax advisers, we are often asked to consider the m

The new corporate criminal offences for failure to prevent facilitation of tax evasion, expected to come into force from 1 September 2017, affect all UK and non-UK corporates and partnerships.

Desiderius Erasmus of Rotterdam, sometime Professor of Divinity in residence at Queens’ College Cambridge, wrote at the end of the fifteenth century to a friend that ‘You must acquire the best know

Background

R&D is a corporation tax relief that normally reduces a company’s tax bill. The way a company claims tax relief depends on the size of that company.

In order for an option to qualify for EMI status, the company, the employee and the option itself need to meet certain conditions. As a brief summary the main conditions are:

In the March 2017 issue of Tax Adviser, we explored some of the tax and employment law issues in the rapidly expanding ‘gig economy’ in an article entitled ‘Pick and mix’.

In my April 2013 article in Tax Adviser ‘Much Ado about Something’, I wrote about the appeal by JP Whitter (Waterwell Engineers) Ltd (‘the company’) against HMRC’s decision to cancel its gross paym

The tax treatment of payments on termination of employment has long been a topic of interest for employers, and it is often an area of taxation that employers get wrong.