HM Revenue & Customs’ (HMRC’s) accelerated payments programme has now collected £1bn from users of tax avoidance schemes.   Last year HMRC gained the power to demand upfront tax payment from users of tax avoidance schemes subject to the Disclosure of … Continue reading →

A close reading of the summer Finance Bill has highlighted a further tax consequence of the government’s moves to limit tax relief for interest on buy-to-let mortgages. The July Budget included an attack on individual investors in buy-to-let residential property. … Continue reading →

The Chancellor has announced the date of the Autumn Statement. In late July, the Chancellor announced that the results of the Spending Review would be announced on 25 November. At the time he made no reference to the Autumn Statement, … Continue reading →

The Finance Bill is giving venture capital pause for thought. One of the attractive features of venture capital trusts (VCTs) is that their dividends are normally free of personal tax – something which will become more appealing from the 2016/17 … Continue reading →

The latest inflation figures showed virtually zero inflation and nothing to worry about…or did they? The July Consumer Prices Index (CPI) was marginally higher than expected at 0.1%. However the reading marked the sixth consecutive month in which the CPI … Continue reading →