Wellcome Trust Limited[1]. At first sight, utter madness.  What next, individuals having to reverse charge VAT if they watch a pay per view channel like HBO[2]?   Letter to the Telegraph from Disgusted of Tunbridge Wells. Welcome (no pun intended) to the bizarre and crazy world of the non-taxable legal person[3].  Should be an easy case;

Financial Statement 8th July 2020 Today, Chancellor Rishi Sunak made a statement to restart the economy for the post Covid World. There are four main areas which benefit: Houses The hospitality, accommodation and attractions sector Jobs in certain key sectors Public infrastructure investment. Headlines No SDLT on the first £500,000 paid for houses. £5,000 towards

Emma Chamberlain’s article in Tax Journal 28 Feb 2020 postulates the issue of how to reform IHT.   She believes it needs wholesale reform and in particular tackle issues such as gifts from those with no nexus to the UK. Don’t you think they might be paying tax at home? However, I have three major issues

The UK has ratified the UK / Gibraltar Double Tax Treaty which will therefore come into effect for UK tax purposes, on 1st March 2020 for UK withholding taxes, 1st April for corporation tax and 6th April for the purposes of income tax and capital gains tax. The obvious and immediate benefit is the elimination

Once upon a time, Christmas meant lots of Anton Berg chocolates, Lindt & Sprungli chocolates, lots with alcohol in them all from the confectionery department of a well-known West End store. In particular, Lindt made stengeli (Swiss German for baton) which were little hollow chocolate batons, with a crystallised inner case and kirsch brandy inside

On 15 October 2019, the text of a new comprehensive double tax treaty (DTT) between the UK and Gibraltar was released (the Treaty).  The Crown Dependencies (CD) (Jersey, Guernsey and the Isle of Man) have had treaties with the UK for a number of years, and these were replaced with comprehensive treaties in 2018 (with

EU rules, red tape, bureaucracy, etc., but let’s remind ourselves of some basic facts. For the last 4,000 years[1], Britain has been trading with others from overseas.  Amber from the Baltic, figs and wine from France in return for metals, stone etc.   Things have changed a lot in the last 4,000 years, and all we

Headlines Companies with interest expense over £2m pa need to make PIE election and remove other sources of income. All companies must review their financial arrangements for the applicability of the many UK restrictions for deductibility of interest. Companies will be able to claim land remediation relief and utilise group relief with other corporation taxpayers.