Technical Updates

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In-depth analysis of the issues facing our private clients, entrepreneurs and their businesses.

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07 April 2017

French Tax Data Card 2017

Please download the pdf to view the French Tax Data Card 2017.
Tax data card Technical updates
29 March 2017

Making Tax Digital - March 2017 Update

Note: The government announced significant delays to making tax digital in July 2017. This update should therefore be read in conjunction with our July 2017 update which is available on our website.
Business taxes Personal taxes Technology Technical updates
15 March 2017

Spring Budget 2017 Update

Note: This update was written on 15 March 2017. It is based on the government’s proposals at that point in time which don’t necessarily represent the final legislation. No action should be taken based on this update without taking proper advice.
Budget update Technical updates
19 December 2016

Reform of the Non-Dom Regime - December 2016

Note: The government finalised the reform of the non-dom regime, and this was part of the second Finance Act of 2017 which gained Royal Assent on 16 November 2017 - please see our technical update “Reform of the non-dom regime – Summary”.
Non-Dom Technical updates
24 November 2016

Autumn Statement 2016

Note: This update was written on 24 November 2016. It is based on the government’s proposals at that point in time which don’t necessarily represent the final legislation. No action should be taken based on this update without taking proper advice.  
Budget update Technical updates
23 August 2016

Reform of the Non-Dom Regime - August 2016 Consultation

Note: The government finalised the reform of the non-dom regime, and this was part of the second Finance Act of 2017 which gained Royal Assent on 16 November 2017 - please see our technical update “Reform of the non-dom regime – Summary”.
Non-Dom Technical updates
11 May 2016

Charities Update - May 2016

HMRC have amended the required wording for gift aid declarations with effect from 6 April 2016.  The revised declaration emphasises that it is the donor’s responsibility to make good any shortfall between the income tax and capital gains tax they pay in the tax year and the Gift Aid claimed on their donations.  Charities should review any declarations issued…
Charity Technical updates
10 May 2016

Donations to Parent Charity

It has been common practice for wholly owned trading subsidiaries of charities to donate all taxable profits to the parent charity and to claim relief for the charitable donations in the year in which the profits arise, so that no corporation tax is payable by the subsidiary. In some cases the amounts donated exceeded the distributable profits of the subsidiary company.…
Charity Technical updates
11 April 2016

UK Tax Data Card 2016/17

Please download the pdf to view the UK Tax Data Card 2016/17. 
Tax data card Technical updates
18 March 2016

2016 Budget Update

Note: This update was written on 18 March 2016. 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
04 March 2016

Dividends and Distribuatable Profits Under FRS 102

Under company law, a company may only pay a dividend out of distributable profits. The distributable profits of a company, being the accumulated realised profits less accumulated realised losses, are determined by reference to ‘relevant accounts’. These are usually the company’s last individual annual accounts (rather than group accounts) or, where there are insufficient…
Accounting Business taxes Technical updates
02 March 2016

Persons with Siginificant Control (‘PSCs’)

This note provides a brief summary of the PSC rules contained in the Small Business, Enterprise and Employment Act 2015.  From 6 April 2016 unlisted UK companies, LLPs and Societates Europaeae will have to create and keep up to date an additional statutory register with details about its Persons with Significant Control (‘PSCs’). From 30 June 2016 specified…
Compliance Technical updates