Construction Industry Scheme reforms could result in tax simplification
The purpose of this article is to highlight three areas ripe for review in relation to the Construction Industry Scheme (CIS).
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The Spring Statement: Capital, People, Ideas
Chancellor Rishi Sunak delivered the Spring Statement on 23 March amidst a difficult UK and global context. The Statement (see bit.ly/37QT58V) set out
Annual investment allowance: reverting to the standard limit
The annual investment allowance (AIA) has been with us for 14 years, helpfully blurring the tax significance for many taxpayers of whether expenditure is capital or revenue.
Mitigating the worst impacts of an inflationary environment
Tax revenue in the UK is rising to sustained levels not seen since the 1950s (see bit.ly/3MPhqMv).
Avoiding enforcement action due to tax debt
Over the past two years, and in response to the extraordinary challenges faced by many taxpayers as a result of the Covid-19 pandemic, the UK government has provided extra resources to assist those
Multiple completion contracts for company share buy-backs
Company share buy-backs are frequently used as an important tool in succession planning.
Quinn: the complexity of enhanced R&D rules
Until a couple of years ago, relief for research and development expenditure was a subject that did not attract much attention in the professional press (except for the occasional reminder of its p
Capital tax issues affecting residential property investment
This is the second of a two-part, back to basics, article on property matters for individuals.
The Treasury’s response to proposals for tax simplification
No major changes to inheritance tax and capital gains tax will be flowing from the Office of Tax Simplification (OTS) reports, after the Treasury’s formal response on 30 November.
Income tax issues in commercial letting
This is a the first of a two part back to basics article on property matters for individuals.