News & Insights - Boodle Hatfield

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News & Insights

Our team of experts shine a spotlight on new legal developments, share their views on the impact of current affairs, and offer insights on issues that could impact you and your business.

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16 Sep 2021 Family Investment Companies

Family Investment Companies (FICs) will no longer be required to be dealt with by a dedicated HMRC team but will be treated as ‘business as usual’.

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16 Sep 2021 Remittances and collateral

Senior Associate, Emma Haley and Associate, Jenny Wilson-smith, discuss an unexpected amendment to the HMRC guidance which led to industry bodies seeking clarification of the possible changes for remittance of foreign income and gains in the collateral (where the collateral exceeded this amount).

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16 Sep 2021 Discretionary payments from offshore trusts

Senior Associate, Emma Haley and Associate, Jenny Wilson-Smith, reflect on a recent judicial review case decision (Murphy v HMRC [2021] EWHC 1914 Admin, 13 July 2021) and how it is affecting both UK and non-UK resident trusts.

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16 Sep 2021 Wider Trust Register – now open

Non-taxable trusts can start to register on-line to trust registration service (TRS) now. Senior Associate, Emma Haley and Associate, Jenny Wilson-Smith, highlight the new changes in the registration requirement and deadline following the implementation of the Fifth Money Laundering Directive into UK law.

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03 Jun 2021 Taxation of trusts

The government has published its long awaited response to HMRC’s 2018 consultation on the taxation of trusts.

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09 Feb 2021 Disclosure of Cross Border Arrangements

In one of the first examples of the ‘Brexit effect’ in operation, there was an unexpected, last-minute change of UK law on 30 December 2020 to limit the UK’s adoption of EU Directive ‘DAC6’.

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09 Feb 2021 SDLT for non-residents

SDLT is set to rise by 2% from 1 April 2021 for non-UK residents purchasing residential property in England and Northern Ireland.

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09 Feb 2021 Forthcoming Budget

The Chancellor will deliver his Spring Budget on 3 March.

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09 Feb 2021 Wealth Tax Report

In December 2020, The Wealth Tax Commission (WTC) published its final report on whether a UK wealth tax is desirable and deliverable.

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04 Jan 2021 The GDPR for English law trusts and estates

We live in an increasingly regulated world and data protection is an area of more extensive compliance since the introduction of the EU’s General Data Protection Regulation in May 2018.

Short reads

Our experts share their insights & market view on the impact of current affairs.