24 January 2012
As companies continue their focus on cost efficiency and operational excellence, we have been helping some large corporate groups simplify their corporate structures. A period of significant acquisitions or the use of special purpose vehicles can result in a group structure which is too complex for current requirements.
13 December 2011
Burges Salmon warns that a draconian approach on administrative receivership of customers can have unintended tax consequences.
13 December 2011
The decision of the First Tier Tax Tribunal in the recent case of Esporta Ltd [TC01475] makes it possible for clubs to recover VAT on subscription payments in certain circumstances.
09 December 2011
In early July this year, we published a client briefing summarising the Government's consultation on the Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) schemes. The consultation's aim was to ensure that these schemes remain effective while supporting increased investment into small companies. Draft legislation has now been published (on 6 December 2011) outlining the proposals in detail, please click the title to read the full briefing.
02 December 2011
In this year’s Budget, the Chancellor announced that the Treasury would consult on making various changes to the REIT rules. The overall aim is to increase the number of REITs and also expand the exposure of REITs to the residential property market.
07 July 2011
This note sets out, in overview, the tax advantages and disadvantages of the UK as an intermediate holding company jurisdiction. This note is intended as a summary only.
05 July 2011
Degrouping Charges
05 July 2011
Value shifting - targeted anti avoidance rule
05 July 2011
Group mismatch schemes
05 July 2011
Capital loss streaming
28 March 2011
Burges Salmon’s nationally recognised contentious tax team regularly deals with disputes and investigations in respect of both direct and indirect taxes.
28 March 2011
Tax Disputes Team Sheet
28 March 2011
Latest issues including HMRC litigation and settlement strategy, DOTAS, Penalties, Tax avoidance, Working with tax agents and Data disclosure with relevance to Taxpayers and Agents.
07 March 2011
Two significant cases relating to the concept of abuse of rights have been reported in the last month or so, Lower Mill Estates and Weald Leasing.
02 March 2011
On 1 March 2011, The Government announced a new tax disclosure opportunity targeted at the plumbing and heating industry but potentially available to anyone with additional UK tax to declare.
16 December 2010
On 29 November 2010, the Government published its “Road Map” for UK corporate tax reform, announcing its proposals for significant changes to the taxation of Intellectual Property (IP). These proposals will be the subject of consultation and engagement with business and other interested parties, as part of a 4-year timetable for implementing the reforms through legislation.
27 September 2010
Updated Consultation Table.
07 September 2010
Details on the commencement dates of penalties, compliance checks etc.
21 April 2010
As all business-owners know, there are two ways in which to make money from a business. The most obvious way involves the day-to-day profit-making activities of the business. The other way to make money from a business is to sell the business itself.
In many cases, it is the sale of the business itself which makes the most money for its owner. Despite this, many owners spend so much time working in their business that they pay too little attention to working at their business. This is where Exit Planning comes in.
09 February 2010
Read this briefing if you are a member of a final salary or similar pension scheme, earn more than £130k p.a. and are due to retire on or after 6 April 2011.
05 January 2010
Since the changes to inheritance tax in 2006, advisors have been talking about the advantages of using family partnerships
(FPs) as an alternative. FPs are seen to offer many of the same features as trusts, but (crucially) without an immediate 20% inheritance tax charge on their creation. However, few FPs have actually been created. The purpose of this briefing is to give a candid view of the benefits and pitfalls of FPs.
14 August 2009
This briefing takes a closer look at Employee Benefit Trusts.
22 May 2009
Self assessed taxes require taxpayers to complete a return by a due date. HMRC then have statutory rights to open an enquiry into that return within certain specified statutory periods. This briefing looks at those time limits.
04 March 2009
Details of our fixed price and bespoke Will writing services.
03 March 2009
Details of our Estate Planning Healthcheck service - an opportunity to take stock of all your tax and estate planning issues.
09 February 2009
The recent case of Kollektivavtalsstiftelsen TRR Trygghetsradet v Skatteverket indicates that HMRC have been, in part, misapplying the reverse supply rules in respect of intra EU supplies of services.
04 December 2008
An overview of the impact of the Chancellor's changes to tax, as detailed in the Pre-Budget Report.
14 March 2008
Revised rules for non-domicillaries
18 February 2008
The Chancellor has unveiled revised plans for the changes to the capital gains tax rules originally announced last October.
18 February 2008
HM Revenue & Customs have published draft legislation in relation to the proposed changes to the residence and domicile rules.
03 December 2007
Briefing on the changes to Capital Gains Tax
06 November 2007
Further update on Capital Gains Tax
16 October 2007
When a company is sold, it is common for the purchaser to defer payment of some of the purchase price until the results of the current, and sometimes the next few, trading periods are known. In many such cases, the amount finally payable may vary according to the results of the business on an ongoing basis. This is known as an "earn-out".
30 April 2007
HMRC Revenue and Customs (HMRC) have recently announced a tax amnesty for underclared offshore accounts. This briefing explains these recent changes.
24 January 2007
The UK tax landscape has been changing rapidly in recent years, particularly for individuals moving to or from the UK. This briefing summarises two important recent developments in relation to: residence and domicile for UK tax purposes; claiming the remittance basis.