Technical Updates

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UK Tax Data Card 2013/14

Please download the pdf to view the UK Tax Data Card 2013/14.
Tax data card Technical updates

Renewable Energy - An Inheritance Tax Opportunity?

A combination of harder economic conditions for tenants and potentially generous government incentives is pushing more and more landowners to consider renewable energy as a way of diversifying their activities and maximising returns. Few landowners have sufficient experience or knowledge of the development of renewable energy plant and therefore it is most common for them to…
Inheritance tax Technical updates

The UK’s New General Anti-Abuse Rule (GAAR)

The UK is introducing a General Anti-Abuse Rule (GAAR). This follows the Government’s stated intention in 2010 to legislate for a general measure to prevent abuse of the tax code through tax schemes or avoidance arrangements. Following several rounds of consultation, the GAAR will come into force when the Finance Bill 2013 receives Royal Assent, which is expected in mid-July 2013.…
Compliance Technical updates

Changes to Inheritance Tax

In this year’s Budget, the government introduced changes as to how inheritance tax (IHT) will be calculated on the value of a death estate. IHT is calculated on the net value of an estate, that is to say it is calculated on the value of total assets after a deduction of liabilities. The changes will restrict the deduction of certain liabilities, which will mean that some individuals…
Inheritance tax Technical updates

2013 Budget Update

Note: This update was written on 30 March 2013. It is based on the government’s proposals at that point in time which don’t necessarily represent the final legislation. For that reason, no action should be taken based on this update without taking further advice.
Budget update Technical updates

Payroll Processing - Real Time Information

HMRC is introducing a new way of reporting PAYE - called Real Time Information (‘RTI’).  From April 2013, all employers are legally required to report Pay As You Earn (PAYE) deductions in real time. This means that information about all PAYE payments needs to be submitted to HMRC online each time a payment is made.  Under the current system employers are only required to…
Business taxes Personal taxes Technical updates

French Tax Data Card 2013

Please download the pdf to view the French Tax Data Card 2013.
Tax data card Technical updates

Ensuring Fair Taxation of UK Residential Property

In the 2012 Budget, the government announced the intention to address concerns that some taxpayers are not “paying their fair share” in relation to UK residential property. The main purpose of the proposed measures is to discourage holding UK residential property in a variety of UK and non-UK structures. The government describes holding properties in such structures as “enveloping…
Non-Dom Technical updates

Inheritance Tax Update 2012

Inheritance tax Technical updates

The Balfour Case - an Inheritance Tax Opportunity for Landed Estates?

The Upper Tax Tribunal’s decision to dismiss HMRC’s appeal in the Balfour case has recently been published. This decision is an important one for landowners and their advisers as it potentially changes the approach to inheritance tax planning in relation to the ownership and management of landed estates.
Inheritance tax Technical updates

UK Tax Data Card 2012/13

Please download the pdf to view the UK Tax Data Card 2012/13.
Tax data card Technical updates