Blog

Inheritance tax due for a shakeup
February 22nd, 2018

The government has tasked the department charged with simplifying our present tax system with taking a fresh look at inheritance task. The scope of their review has just been published. It says: The review will consider how key aspects of the current IHT system work and whether and how they might be simplified. This will […]


Requirement to correct tax due on offshore assets
February 20th, 2018

A new legal requirement is included in the Finance (No. 2) Act 2017 that creates an obligation for anyone who has undeclared UK tax liabilities that involve offshore matters or transfers to disclose the relevant information about this non-compliance to HMRC by 30 September 2018. Failure to disclose the relevant information to HMRC on or […]


This takes the biscuit
February 15th, 2018

In a recent hearing before a tax tribunal, HMRC led the charge to insist that bicarbonate of soda (BoS) was a chemical not a food of a kind used for human consumption. Why was this important? HMRC had issued an assessment amounting to £291,000 to hapless food company, Phoenix Foods Ltd, as they had treated […]


Intellectual property and Brexit
February 14th, 2018

The Intellectual Property Office has issued commentary on the future of intellectual property (IP) issues following Brexit. We have copied in blow some of their comments to clarify various issues for companies with existing registered IP, or that have applications in progress. Trade marks The UK system for protecting trade mark rights is not affected […]


Additional support for Carillion subcontractors
February 13th, 2018

A further package of support for the businesses and workers affected by Carillion’s liquidation was announced Saturday 3 February, by Business Secretary Greg Clark. Through delivery partners that include all the major high street lenders, the British Business Bank will provide support to make available up to £100 million of lending to small businesses who […]