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Surprise extension to the childcare voucher scheme
Jackie Hall

25 April 2018

In a surprise move, the Government has announced an extension of the existing childcare voucher (CCV) scheme, which will now remain open to new entrants until October 2018. The Government rolled out its new Tax-Free Childcare scheme earlier this year, but it is thought that concerns over the operation of the new scheme may be behind the extension.

Tax efficient investments
Karen Clark

01 March 2018

Generous tax reliefs are available through the use of individual savings accounts and through investment in private companies.

Act now if you want to pay your tax by credit card RSM warns
Karen Clark

04 January 2018

RSM is advising taxpayers wishing to pay their tax by credit card to act now before HMRC stops accepting personal credit card payments.

More changes afoot for partnership taxation

19 September 2017

As expected, following a consultation at the end of 2016, draft legislation published on 13 September 2017 includes provisions aiming to remove uncertainty and provide clarity on the taxation of partnerships. Here are our thoughts on the main proposed changes, and steps that firms might wish to take.

Business Property Relief – it’s a business matter

25 August 2017

A recent tribunal case which considered the availability of Business Property Relief (BPR) on a livery business, could have much wider implications for landholders. The case of The Estate of Maureen W. Vigne v. HMRC is one of many involving arguments for or against the availability of BPR.

Charity tax relief stats shed light on UK population's charitable giving

04 July 2017

The latest charitable tax relief statistics have been released by HMRC, and a few interesting facts emerge about the UK population’s charitable giving.

Action needed by trusts to comply with beneficial owner register requirements

04 July 2017

Action is needed by trusts to comply with a new requirement for a beneficial ownership register for trusts operated by HMRC. New trusts within the scope will need to register by 5 October 2017 and information on existing trusts must be provided by 31 January 2018.

Changes in inheritance tax laws encourage charitable giving

31 May 2017

Back in the March 2011 Budget, the Chancellor announced a cut in the rate of inheritance tax (IHT) for those leaving at least 10 per cent of their estate to a charity. Since then, statistics show there has been a sharp increase in the amount of charitable donations left in wills with an accompanying rise in the tax relief granted, suggesting that the policy is working as intended. Sadly though, there also seems to have been an increase in family members challenging wills where the family feel they have been disadvantaged as a result of the charitable bequests.

Who really bears the burden of tax?

03 May 2017

A recent House of Commons Briefing Paper on Stamp duty land tax (SDLT) on residential property includes some interesting statistics, prompting us to consider the question – who really bears the burden of tax?

Individual taxation and fairness

18 April 2017

As we know, the Chancellor was forced into an embarrassing U-turn only a week later on the basis that the 2015 Conservative Party election manifesto had promised no increase in NIC (or VAT or income tax) rates: it is perhaps strange that no advisers pointed this out to Mr Hammond before he made his Budget speech.

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