Technical Updates

Non-company charities with annual gross income of £250,000 or more and all charitable companies must prepare an annual report and accounts in accordance with the Statement of Recommended Practice (SORP). For accounting periods commencing on or after 1 January 2015, the old SORP issued in 2005 is replaced by two new SORPs: the SORP (FRSSE) for small charities and…

Please download the pdf to view the French Tax Data Card 2015.

Please download the pdf to view the UK Tax Data Card 2014/15.

Note: This update was written on 30 March 2014. 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.

Please download the pdf to view the French Tax Data Card 2014.

Note: This update was written on 3 December 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.

HM Revenue and Customs announced on 20 March 2013 a consultation on reforming the rules governing the taxation of close company loans to their participators. In addition, Finance Act 2013 introduced specific legislation to counteract three loopholes that have been commonly used by company directors since the inception of the rules in 1965.

Please download the pdf to view the UK Tax Data Card 2013/14.

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…

At Dixon Wilson we advise both UK domiciled and non-UK domiciled individuals on their UK tax and accounting affairs. These affairs tend to become more complicated in anticipation of a move to the UK. Whilst we are able to assist with the UK aspects for any scenario, we highlight below some of the common issues affecting non-UK domiciled individuals who are …

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.…

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…