IHT and DOTAS HMRC recently introduced a new “hallmark” to the Disclosure of Tax Avoidance Schemes (DoTAS) regime with a view to closing the inheritance tax avoidance gap. The scope of the new hallmark is very wide, and consequently any inheritance tax planning should be carefully considered in light of 
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The Enterprise Investment Scheme has proved a valuable tax relief both for those entitled to the relief on their investment and the improved attractiveness afforded to qualifying companies in generating equity investments. The EIS forms part of a number of tax relieved schemes under the heading of venture capitalism. Other 
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The Taxation of Cryptocurrency & Tax Efficient Cryptocurrency. One Year On… The cryptocurrency boom of autumn 2017 saw an explosion of interest in cryptocurrencies, blockchain and related technologies and has even resulted in the emergence of “crypto-millionaires”. Many financial advisers have been left scratching their heads as they turn to 
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Dividend Planning – Dividend Waivers Here at Enterprise Tax we work with a number of Owner Managed Businesses (“OMBs”) and Small-Medium Sized Enterprises (“SMEs”). More recently there has been a surge in individuals who historically entered into schemes designed to extract the fruits of their labour whilst attempting to bypass 
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A new principles-based test has been introduced by the Finance Act 2018 which imposes a ‘risk-to-capital’ gateway condition. The condition is designed to ensure that the schemes focus investment in companies with genuine intentions for long-term growth and development, as opposed to companies which exploit the schemes by participating in 
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SDLT tax avoidance: Taxpayer left feeling the blues Overview Project Blue Ltd v HMRC – a representative case for sub-sale avoidance schemes – has been decided in favour of HMRC. The case involved Project Blue Ltd which acquired land from the Ministry of Defence for consideration of £959m and utilising 
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Several changes have taken effect from April 2018 altering the taxation of payments in connection with the termination of employment. These changes were introduced with a view to simplify, clarify and modernise the tax regime applying to termination payment. Indeed, each of these verbs were used in the various HMRC 
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HMRC have updated their CGT manuals providing an update to their understanding of cryptocurrency and block-chain technology, with clarity in determining how capital gains from cryptocurrency are computed and the tax position of “hard-forks”. Following the cryptocurrency boom at the back end of 2017 which saw a surge in the 
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If you’re looking to give employees shares in your company, beware the tax implications! I encounter many entrepreneurs who wish to recognise the efforts of their early-stage employees in creating a successful venture by considering giving them a share of their business. Those entrepreneurs who are comfortable giving their employees shares 
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R&D: Research, Relief & a Lack of Awareness In recent years, Britain has become fertile ground for those with an entrepreneurial spirit. Last year, in fact, the number of new companies formed was a new record with more than 650,000 businesses set up. A considerable proportion of those are relatively small 
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