Tax tips newsletter for professionals

Although we like to feel that, by and large, the Coronavirus pandemic is now a thing of the past, it can still affect our wellbeing in various ways. 

Richard Curtis considers a recent tribunal case that highlights the three-year window for recovery of higher-rate land tax liability.

Unfortunately, there is no single definition of the term ‘settlement’ for all tax purposes; the definition depends upon which tax is under consideration, although there are similarities across the definitions. 
Therefore, to analyse the tax effects of a particular set of circumstances, it becomes necessary to be clear as to whether a settlement has been created or not.

Malcolm Finney ponders the different definitions of the term ‘settlement’. 

The ‘luck of the Irish’ (to quote a popular expression) contributed by a recent Court of Appeal's decision concerning the statutory residence test (SRT) also has UK/Irish tax implications.

Jon Golding looks at the statutory residence test threshold for longer stays in the UK beyond allowed residence periods. 

Andrew Needham looks at circumstances in which a company director can be held liable for a company’s VAT debts.

One of the main attractions of forming a limited company is that it has limited liability. Under limited liability, a director or investor in a company is only liable for the money that was invested in it by them, so in the event that the company goes bankrupt, their liability is limited to that investment.  

Mark McLaughlin reviews two recent important tax cases:

The taxation of savings income can be complicated, as various reliefs and bands come into play. 

Sarah Bradford explains how savings income is taxed in 2025/26 and highlights opportunities for enjoying savings income tax-free.

The changes to inheritance tax (IHT) business property relief (BPR) are effective from 6 April 2026, but even those clients with relatively small businesses who think they are not affected by the new restrictions to business property relief should review their existing wills and consider lifetime gifting as part of IHT planning. 

Joe Brough considers the tax implications and pitfalls when disposing of shares on retirement.