Current Issues

Our roundup of the latest VAT news includes changes to the business activity test, the new penalty and interest regime and frozen VAT thresholds.

An overview of the key announcements and their implications for businesses and individuals.

A helpful overview of share options, the schemes available and pitfalls to be aware of.

Off-payroll working rules which took effect on 6 April 2021 are remaining

An overview of the key announcements and their implications for businesses and individuals.

We are delighted to announce that a Shipleys LLP team successfully completed The Great South Run in aid of the Group B Strep Support Charity.

Higher inflation and rising costs are likely to negatively impact cash flow for many businesses this Autumn. In this article we look at some strategies to meet the challenge.

An overview of the key announcements and their implications for businesses and individuals.

A warning that high inflation could have a big impact on defined benefits pensions schemes of high-earning public sector professionals, including GPs.

VAT on investment property transfers is a complex area to navigate. In this article, Shipleys VAT team have put together a helpful summary.

An increase in staff social and training events could mean employees pay more tax – but employers can pick up the bill if they use a PAYE Settlement Agreement (PSA).

Businesses that owe rent as a direct result of the Covid crisis need to be discussing repayment terms with their landlords or going through the new arbitration process.

HMRC’s VAT teams across the UK are still operating with significant work backlogs.

In this issue we cover the latest compliance and policy developments for the sector, plus the implications of fresh FCA guidance.

Private equity funds typically incentivise key management through carried interest. Here we explain the capital gains tax implications.

With the mergers and acquisition (M&A) market gradually picking up after the pandemic, we’re often asked about the VAT position on M&A costs.

Shipleys LLP is delighted to support this year’s Office Management Show, a key event in the calendar for office management professionals.

From 1st September 2022 the Government is introducing changes which require certain trusts to registered with HMRC.

Our summer bulletin summarises the Charities Act 2022, changes to Trustee meetings and AGMs compliance and more.

HMRC's Trust Register widens its scope to include non-taxable trusts

An overview of the tax treatment of offshore investment funds and the effect on UK investors when the fund applies for ‘offshore reporting fund’ status.

In this issue we cover the latest compliance and policy developments for the sector, plus the implications of fresh FCA guidance.

Unapproved share option plans can be used by employers to reward those who help grow the business (including those not eligible for HMRC-approved options like the Enterprise Management Incentive Scheme). Here we explain their tax implications.

In this article for Chestertons, Shipleys Tax Principal Mike Luckett gives a round-up of the latest tax changes which landlords should be alert to.

Our roundup of the latest VAT news includes early termination fees and compensation payments, end-customer claim refunds of wrongly charged VAT, plus revised guidance on VAT grouping registration