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About Paul McKay

A vastly experienced tax professional with over 35 years’ experience of advising PLCs, not for profits but predominantly SME/OMBs and professional advisers on most aspects of tax. Paul has a broad background including working for big 4, tax boutiques and a large local practice, and joined ETC Tax in October 2017.

IR35 & THE PRIVATE SECTOR It has been announced that the IR35 provisions relating to the public sector will be introduced into the private sector. The proposal is subject to consultation and the precise details are unclear, however, it might be useful to look at the public sector provisions to 
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LAND REMEDIATION RELIEF – THE KNOTTY PROBLEM OF JAPANESE KNOTWEED AND OTHER LAND CONTAMINATES It might appear strange to consider Japanese knotweed in the context of a tax article, however, knotweed (which is particularly invasive and destructive) is perhaps the only plant specifically referred to in many thousands of pages 
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Have your cake and keep your half penny – do not forget Substantial Shareholder Exemption (SSE) I was discussing the benefits of Substantial Shareholder Exemption (SSE) with a client the other day and found myself using one of my Gran’s favourite expressions – “you want your cake and to keep 
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Tax Disputes with HMRC In this article we take a look at how to progress matters when discussions with the inspector appear to have broken down or reached an impasse. Where agreement just cannot be reached between the taxpayer and HMRC the final outcome is the Tax Tribunal. However, the 
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EMPLOYEE SHARE SCHEMES – SHARING THE CAKE Employee share (option) schemes are often seen as a key component of the remuneration packages of employees working for listed companies. The fact that the companies are listed provides a regular market for the disposal of the shares (which are often subject to 
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Entrepreneurs’ Relief has now been around for 10 years and it is easy to assume that there is nothing left to learn. In this article we consider a couple of recent cases which demonstrates that there are still lessons to be learned, or at least “bear traps” to avoid, and 
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Catch 22: Company purchase of own shares – Multiple buy-backs and Entrepreneurs’ Relief Company purchase of own shares – introduction In this article we look at a potential issue – the availability of entrepreneurs’ relief (ER) where there is a multiple completion company purchase (buy back) of own shares. Before 
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Not good – just the bad and the ugly In the Article dealing with the World Wide Disclosure Facility and the Requirement to Correct elsewhere in this Newsletter we comment upon HMRC’s increasingly muscular approach. HMRC’s approach and attitude towards investigating tax matters and settling tax disputes has most definitely 
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Significant changes have been made recently to the regime for the utilisation of carried forward corporate trading losses. Although the legislation is contained in Finance Act No 2 2017 passed in November 2017 the changes apply to losses arising after 1 April 2017 (where a company’s accounting period straddles 1 
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