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Monthly Archives: August 2016

Child benefit changes

If you’re a parent and receiving Child Benefit, you need to inform HM Revenue and Customs of your child’s educational status before 31 August. If you are receiving Child Benefit and Child Tax Credits and your child is 16 , … Continue reading

Posted in Business

What is Bona Vacantia

Bona Vacantia is a Treasury Solicitor’s department that manages unclaimed estates. This includes not only the estates of individuals who die without any heirs, but also the residual assets of limited companies that are liquidated or otherwise wound up. Many … Continue reading

Posted in Business

Going digital

The government have backed down from their proposal to dump a new raft of compliance activity (red tape) on smaller businesses. In their efforts to digitise each businesses’ records with HMRC it was intended that firms be required to keep … Continue reading

Posted in Business

HMRC wins major tax avoidance cases

One tax avoidance scheme, by Ingenious Film Partnership, tried to use artificial losses arising from investments in a range of movies, including the blockbusters Avatar, Life of Pi and Die Hard 4. Users of the Ingenious scheme were given the … Continue reading

Posted in Business

Buy to let red tape

Beset by a range of potentially, disastrous tax changes (primarily the withdrawal of finance charges as an allowable deduction – reduced instead to a basic rate tax credit), landlords of buy-to let residential accommodation also have to contend with a … Continue reading

Posted in Business