About Andy Wood

Andy is a practical, creative tax adviser who assists a variety of clients in achieving their personal and commercial objectives in the most tax efficient manner.

Kaye Adams v HMRC: Tribunal defeat broadcasts HMRC’s problems with IR35 Introduction As has been previously noted on the pages of this ‘blog, the vocabulary employed by HMRC to describe its pursuit of those whom it regards as unfairly dodging their fair share in tax is somewhat muscular. For instance, 
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Derry Case: a failed attempt in ‘legal archaeology?’ Derry case: Introduction There is no shortage of small businesses and personal taxpayers who confess to being more than a little confused by tax. When you consider the length (more than 21,000 pages) of the handbook relied on by so many to 
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Derry Supreme Court case – a technical overview Background – Derry Supreme Court case Earlier this week, the Supreme Court handed down its judgement in the Derry case. The decision was a unanimous one in favour of the taxpayer. However, even in the heady world of tax, this was not 
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Key Tax Considerations in Corporate Finance Transactions In corporate finance transactions, the simplest way to sell a business is to sell the shares for cash on the date of completion. However, this is not always the most tax efficient or the most financially or commercially appropriate method for either the 
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Transfer of Goodwill: Richard Villar v HMRC Background – transfer of goodwill This case involved an orthopaedic surgeon selling his trading practice ‘Richard Villar Practice’ but continuing to work for the purchaser. He made a claim for Entrepreneurs’ Relief. Virtually all of the proceeds were attributed to the reputation and goodwill 
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Every so often, a news story surfaces which almost beggars belief. Such a report emerged in the Sunday Times last week, detailing how gangsters across Britain stole billions of pounds in a series of VAT, benefit, mortgage and credit card frauds. Eight billion pounds is believed to be have been 
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Bitcoin Tax – CGT Bitcoin tax – general  For a full guide on the taxation of cryptocurrency, including Bitcoin, in the UK please visit here. Bitcoin tax in the UK In broad terms, those individuals who have disposed of cryptoassets will be taxable to either Capital Gains Tax (CGT) or income 
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Letting Relief Changes – PPR relief – Private Residence Relief Deemed Occupation… Introduction As you may be aware, private residence relief is a highly attractive relief. For our full guide on PPR relief then please visit here. PPR relief is potentially available in respect of: Actual occupation; and Periods of 
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PPR relief 18 months PPR relief 18 months – Introduction PPR (Principal Private Residence) relief is a valuable Capital Gains Tax (CGT) relief. For our full guide on PPR relief then please visit here. When is PPR relief available? It is potentially available in relation to both: Periods of actual occupation; 
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Make Me Cry: Cheryl Tweedy’s Alleged Avoidance Scheme Certainly Not in Tune with HMRC Crackdown The tax industry has long since been viewed as one of the professions in which careers are pursued, if not in secrecy, then certainly with the sort of discretion required when dealing with often confidential 
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