Khan: share buybacks and ‘an unfortunate position’
It’s easy to say that, as an accountant, Mr Khan should have known better; but, on any analysis, getting an enormous income tax bill when
Protecting your family and your future
Coronavirus and lockdown have emphasised how important it is to create a resilient savings and investments structure. While it might feel exhausting to deal with
Call options over land: VAT treatment
Occasionally (but far too frequently for comfort) one wonders, as a tax practitioner, if one has somehow wandered into a parallel universe where ‘nothing that
Taxation Readers’ forum: Trust tax
How are capital additions included in a trust’s second ten-year inheritance tax charge? Writing for Taxation magazine’s Readers’ Forum, BKL tax consultant Terry Jordan responds to
Accelerated Payment Notices and penalties: the unsatisfactory truth
Accelerated Payment Notices (‘APNs’) and their substantially identical relatives Partner Payment Notices (‘PPNs’) have been controversial since the day they were born. Broadly, they give
Lending and lockdown: the government’s coronavirus loan schemes for SMEs
‘Neither a borrower nor a lender be’ runs the advice in Hamlet: advice that probably didn’t anticipate the economic pressures of a pandemic 400 years
How good bookkeeping can support you through challenging times
In dealing with coronavirus and lockdown, many businesses have struggled and have had to rely on extra means of support; others are secure and want
VAT and Domestic Reverse Charge in the construction industry: deferred until 1 March 2021
In February 2019, we covered the Construction Services Domestic Reverse Charge (CSDRC) and the rules being introduced for VAT, based on the guidance published by HMRC. Later
Financial Focus: Summer 2020
In the Summer 2020 issue of Financial Focus, our wealth management team looks at: Holding your nerve with your investments: Hard as it feels, now is the
The (Ver)milion-dollar question revisited: share options
Last year, we reported on a case in which the First-tier Tribunal (‘FTT’) surprisingly held that the exercise of a non-approved share option by a director did
