In this issue of the Tax Faculty's monthly magazine: Nigel Holmes of tax relief specialist Catax considers research and development tax relief in the UK, Anita Monteith considers the UK’s tax base and where the UK’s income is going to come from, including what debt we may be leaving future generations, Gillian Banks of PwC considers the First-tier Tribunal case of Higgins v HMRC (2017).
Cover story: Research and development tax relief in the UK
Nigel Holmes of tax relief specialist Catax considers research and development tax relief in the UK.
Investigating the challenge of the UK’s shrinking tax base
Anita Monteith considers the UK’s tax base and where the UK’s income is going to come from, including what debt we may be leaving future generations
The problems with relying on probate value and how to avoid them
Robert Lillycrop considers how to determine the capital gains tax base cost of an inherited asset, including practical steps to help you.
Private residence relief
Gillian Banks of PwC considers the First-tier Tribunal case of Higgins v HMRC (2017).
Valuing unquoted shares
Peter Vaines of Field Court Tax Chambers takes an in-depth look at two cases from the first half of 2017 that tackle the valuation of unquoted shares.
June 2017 Tax Club meeting – property taxes
Gabelle partner Caroline Fleet spoke about the new rules at June 2017’s Tax Club meeting, covering anti-avoidance measures, buy-to-let properties, CGT, IHT and SDLT.
Book review – Entrepreneurs’ Relief
Sue Moore goes into detail about entrepreneur’s relief – including qualifying corporate bonds and non-qualifying corporate bonds – in her review of Entrepreneurs’ Relief by Stephanie Churchill
- Forthcoming events and webinars
- Latest webinars and TAXtalks
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- Deadlines and dates
|127||Autumn Finance Bill||Budget and Finance Acts|
|128||Investment income below the threshold for an SA return: what to do||Personal tax|
|129||Exclusions from online filing for 2016/17: update||Personal tax|
|130||Tax returns: do I have to file one?||Personal tax|
|131||Pensions lifetime allowance protection||Pensions|
|132||Filing deadline extended for employment-related securities returns||Company tax|
|133||Determination of functional currency in line with GAAP||Company tax|
|134||HMRC wins Rangers case on EBTs||PAYE and employers|
|135||Late NRCGT returns: no daily penalties||CGT|
|136||Fall in sterling and unexpected gains||CGT|
|137||PRR: know the facts||CGT|
|138||Taxation of dividends and the tax pool||Trusts|
|139||New trust register: update
|140||Duplicate contract bridge is a sport||VAT|
|141||Overpayment at ticket machine is taxable consideration||VAT|
|142||HMRC gets information from foreign governments||Compliance and HMRC powers|
|143||Another spotlight on tax avoidance||Tax avoidance|