Current Issues

VAT on investment property transfers is a complex area to navigate. In this article, Shipleys VAT team have put together a helpful summary.

An increase in staff social and training events could mean employees pay more tax – but employers can pick up the bill if they use a PAYE Settlement Agreement (PSA).

Businesses that owe rent as a direct result of the Covid crisis need to be discussing repayment terms with their landlords or going through the new arbitration process.

HMRC’s VAT teams across the UK are still operating with significant work backlogs.

In this issue we cover the latest compliance and policy developments for the sector, plus the implications of fresh FCA guidance.

Private equity funds typically incentivise key management through carried interest. Here we explain the capital gains tax implications.

Many of us want to give some of our assets to loved ones, but inheritance tax (IHT) rules can be confusing.

With the mergers and acquisition (M&A) market gradually picking up after the pandemic, we’re often asked about the VAT position on M&A costs.

Shipleys LLP is delighted to support this year’s Office Management Show, a key event in the calendar for office management professionals.

From 1st September 2022 the Government is introducing changes which require certain trusts to registered with HMRC.

Our summer bulletin summarises the Charities Act 2022, changes to Trustee meetings and AGMs compliance and more.

HMRC's Trust Register widens its scope to include non-taxable trusts

An overview of the tax treatment of offshore investment funds and the effect on UK investors when the fund applies for ‘offshore reporting fund’ status.

In this issue we cover the latest compliance and policy developments for the sector, plus the implications of fresh FCA guidance.

Employee Ownership Trusts (EOTs) provide an effective ownership model that offers a helpful succession and company growth solution for business owners. In this article we give a simple summary of how EOTs work.

Unapproved share option plans can be used by employers to reward those who help grow the business (including those not eligible for HMRC-approved options like the Enterprise Management Incentive Scheme). Here we explain their tax implications.

In this article for Chestertons, Shipleys Tax Principal Mike Luckett gives a round-up of the latest tax changes which landlords should be alert to.

Our roundup of the latest VAT news includes early termination fees and compensation payments, end-customer claim refunds of wrongly charged VAT, plus revised guidance on VAT grouping registration

Some regulated businesses now face paying an annual charge as part of the Government’s drive to combat international financial crime through newly introduced anti-money laundering levy regulations.

With restrictions lifting, businesses are thinking how they respond to the workplace revolution the pandemic has caused. This article has helpful pointers.

The new Residential Property Developer Tax came into effect from 1 April 2022, and sees profits of any residential development company exceeding £25m taxed at 4%.

Unincorporated businesses are due to enter their first taxable period under new basis period tax rules, potentially impacting on cash flow for some.

Given the recent increase in national insurance contributions, some businesses are considering the potential tax benefits of salary sacrifice schemes for electric cars.

A survey of owner managed businesses finds many are struggling with inflationary pressures but are emerging confident and more resilient from the pandemic

New off-payroll working rules have been in place since April 2021, but there has been confusion about what they mean. Here we clear up five common misunderstandings as HMRC gets tougher with penalties.