Family Investment Company (“FIC”) – Signpost What is a FIC? Over the last few years, the Family Investment Company is becoming a relatively popular alternative to the more traditional trust when it comes to wealth and succession planning. There is a lot of unnecessary mystery and complexity woven in to 
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UK Unlimited Company as a FIC – Set Up, Advantages & Disadvantages Please see our full Signpost document regarding Family Investment Companies for more information on these vehicles. What is an unlimited company? An unlimited company must be registered at Companies House. In a normal trading scenario, the company operates 
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Discretionary Power – Good or Bad? No doubt Trump or Boris would argue that discretionary power is good and indeed that executive power gives them power to ignore the law. The Supreme Court thought otherwise, and, in the US, congress is pushing for impeachment. In the UK there is growing 
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Off-Payroll Reverse & the BBC… Is IR35 progress is now static? It doesn’t seem that long ago that the BBC found itself in a unique position, enjoying the trust of both the authorities and the watching or listening public. Even the light-hearted reference to the Corporation as ‘Aunt Beeb’ wasn’t 
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I’m a low-tax guy In today’s Times article, new Chancellor Sajid Javid has set his stall out as a man in favour of lower and simpler taxes. A more cynical mind might suggest that this is not in doubt bearing in mind Mr Javid’s well publicised use of a tax 
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I’ve received a COP9 letter – What should I do? What is COP9? Code of Practice 9 or COP9 is a document that is rolled out by HMRC as part of its Contractual Disclosure Facility. HMRC will only issue a letter under COP9 where it believes there has been serious tax 
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COP9 investigation process What is COP9? Code of Practice 9 (“COP9”) is a document that is issued by HMRC. It is part of its Contractual Disclosure Facility or CDF. COP9 is issued only by HMRC’s Fraud Investigation Service or FIS. It should be noted that one may only use the CDF 
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Is there ever, I wonder, a good time to say goodbye? It’s something which I’ve found myself reflecting on having learned that HMRC’s Chief Executive, Sir Jonathan Thompson, has announced his decision to leave later this year in order to take up an equivalent post at the Financial Reporting Council. 
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Charity, it has been said, helps reinforce society’s positive, solid foundations, so it’s perhaps appropriate that a 17th-century architect is credited with having originated one of the most well-used quotes on the topic. Sir John Vanbrugh – the man who designed a number of Britain’s most palatial properties, including Blenheim 
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Trust Income tax General position  The trustees will pay income tax any trust income They will pay this tax on behalf of the trust under the normal self-assessment rules. In other words, the same filing deadlines and payments on account rules as for individuals will apply. Of course, the Trustees’ 
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