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Limited Companies

Hybrid Partnerships & LLPs: HMRC + Anti Avoidance Provisions

What is a Hybrid Partnership? A hybrid or mixed partnership is a standard partnership but rather than just having individuals as partners, there is one or more corporate partners (or, 

IR35: HMRC presses on with changes 

IR35: HMRC presses on with changes  Introduction HMRC has confirmed in Finance Bill 2019/20 that the IR35 changes scheduled to take effect from 6 April 2020 will happen as anticipated. 

Protecting your taxes in insolvency

Protecting your taxes in Insolvency Protecting your taxes in insolvency – Current position At present, HMRC is an ordinary creditor ranking below preferential and secured creditors (but above the shareholder 

Top 10 – Tax Savings Tips for Small Business in 2020

2020’s Top 10 Tax Savings Tips for Small Business & SME’s The tax world is increasingly complex and fluid. However, getting your tax position right can quite literally pay dividends. 

JSOP or Joint Share Ownership Plan

JSOP or Joint Share Ownership Plan Overview of JSOP A Joint Share Ownership Plan (“JSOP”) is a non-statutory, or unapproved (not this does not share scheme that offers a tax 

Company Share Option Plan (CSOP)

Introduction A Company Share Option Plan (CSOP) allows a company to grant options over shares to employees and directors over shares. The maximum amount of options an individual can receive 

McLaren Racing Ltd v HMRC: How to win the race but lose the losses

McLaren Racing Ltd v HMRC… The Tax Position on CTA 2009 s54; Fines, Penalties, Expenses & Business Profits Tax relief (or not) for fines Legislation (CTA 2009 s54) states that 

Badges of trade: is there a trading activity?

Badges of trade: is there are trading activity? Introduction – badges of trade Do not confuse the ‘badges of trade’ with the ‘badgers of trade’. Whilst the latter is an 

Dividend Planning – Dividend Waivers & Examples

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 

Employee Ownership Trusts – Capital Gains & Inheritance Tax

Employee Ownership Trusts (EOTs); Definitions & Examples… What is an EOT? A Definition by Example New legislation surrounding Employee Ownership Trusts were brought in under Finance Act 2014 with the