ณษศหำฐา๔

Tax News

Updated VAT notice 700/56: Insolvency

Published on: 23 January 2024
Published by a

Specialist Tax Regulatory Materials

Article summary

HMRC has updated its VAT notice 700/56 with various sections on insolvency.

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

Popular Articles

Winding up a trust โ€• legal, administrative and compliance issues

Winding up a trust โ€• legal, administrative and compliance issuesOverviewWhen winding up a trust, there are legal formalities and compliance issues that need to be dealt with, as well as IHT and CGT consequences that flow from the termination. This guidance note considers when and how a trust comes

14 Jul 2020 14:01 | Produced by Tolley Read more Read more

Tax on UK resident beneficiaries of non-resident trusts โ€• overview

Tax on UK resident beneficiaries of non-resident trusts โ€• overviewIntroductionUK resident beneficiaries of non-resident trusts are subject to UK tax on payments or benefits received from the trust. They are liable for income tax on income distributions from the trust and they may also be liable to

14 Jul 2020 13:47 | Produced by Tolley Read more Read more

Gifts with reservation โ€• overview

Gifts with reservation โ€• overviewIntroductionA gift with reservation (GWR) arises when an individual ostensibly makes a gift of his property to another person but retains for himself some or all of the benefit of owning the property. The legislation defines a gift with reservation with reference to

14 Jul 2020 11:48 | Produced by Tolley Read more Read more