ณษศหำฐา๔

Tax News

Spotlight 62: Dividend diversion scheme used to fund education fees

Published on: 05 June 2023
Published by a

Specialist Tax Regulatory Materials

Article summary

HMRC has published Spotlight 62 on tax avoidance schemes used by owner managed companies to fund education fees.

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Popular Articles

Exporting goods โ€• proof of export

Exporting goods โ€• proof of exportIn addition to the requirements laid down in the Exporting goods โ€• overview guidance note, businesses intending to zero-rate exported goods must hold satisfactory evidence that the goods have been delivered to a destination outside of the UK. If satisfactory evidence

15 Dec 2020 14:02 | Produced by Tolley Read more Read more

Timing of disposal for capital gains tax

Timing of disposal for capital gains taxDate of disposalThe date of the disposal determines the period in which the gain is subject to capital gains tax (CGT). When the rates of CGT change, the determination of the date of disposal can also affect the rate of CGT that applies to the gain.See the

14 Jul 2020 13:50 | Produced by Tolley Read more Read more

Interest and penalties on late paid tax under self assessment

Interest and penalties on late paid tax under self assessmentInterestIf the capital gains tax, the balancing payment or payments on account of tax and / or Class 4 national insurance contributions (NIC) are paid late, HMRC will charge interest on the amount overdue from the original due date. The

14 Jul 2020 12:00 | Produced by Tolley Read more Read more