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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