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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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13 Dec 2021 Simpler IHT reporting for some estates

Senior Associate, Emma Haley and Associate, Jenny Wilson-Smith reflect on amended excepted estates IHT reporting, highlighting how the conditions for certain categories will be affected by the changes that will take place from 1 January 2022.

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13 Dec 2021 Autumn Budget 2021

Senior Associate, Emma Haley and Associate, Jenny Wilson-Smith recap the main changes set out in the Autumn Budget this year.

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13 Dec 2021 Autumn ‘Tax Day’

Following the “Tax Administration and Maintenance Day” that took place on 30 November, HM Treasury released various consultations, responses and a range of policy announcements and updates aimed at modernising the tax system. Sara Maccallum, Emma Haley and Jenny Wilson-Smith highlight three items of interest.

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16 Sep 2021 Draft Finance Bill 2022

Senior Associate, Emma Haley and Associate, Jenny Wilson-Smith, comment on the latest draft Finance Bill released on 20 July 2021 and which is due to have a new version published on 27 October 2021 and finalised in March 2022. They cover the potential impacts and administrative disruption that businesses may be facing with the new Finance Bill.

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16 Sep 2021 AML: further changes

Senior Associate, Emma Haley and Associate, Jenny Wilson-Smith, reflect on the changes proposed by a consultation which was launched by the government to target amendments to the existing anti-money laundering regulations (MLR 2017).

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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 Spring Budget 2021

Prior to the Budget, there was much speculation about capital gains tax (CGT) reform and rises, substantive inheritance tax (IHT) reform and maybe even a wealth tax.

Short reads

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