LBC radio: Mike Hayes on capital gains tax review

15.07.20 / Insight posted in MKS News

In an interview with Shelagh Fogarty on LBC radio, Mike Hayes outlines capital gains tax in its current format and the possibility of capping exemptions across the country. Full interview here as catch-up, choose Wednesday 15 July, 01:05:18 to 01:08:27, available until 21 July.

READ MORE

Investment Trust Insider: Mike Hayes on CGT

15.07.20 / Insight posted in MKS News

In an article exploring the imminent review of capital gains tax by the Chancellor, Mike Hayes considers the divergence between CGT and IHT. Hayes said: ‘An apparent anomaly that will emerge from this review is that the top rate of capital gains tax on most disposals is 20% whereas the top rate of income tax…

READ MORE

New Model Adviser: Yvette Jacobs-Lee’s article ‘Six tax must-knows for new entrepreneurs’

15.07.20 / Insight posted in MKS News

Starting a new business venture can be an exciting but also a stressful time. HMRC and your tax obligations need not be among those stresses. As long as you plan to meet the duties of a new business owner as they arise, your tax does not have to be taxing. Yvette Jacobs-Lee’s article examines six…

READ MORE

FT: Mike Hayes on Chancellor’s CGT examination

15.07.20 / Insight posted in MKS News

The Chancellor has called for a thorough analysis of capital gains tax in a likely effort to find a new source of nourishment for the parched coffers. Exactly how a reformed CGT might look is not yet clear, or whether those who are better off will be targeted. Mike Hayes said: “The chancellor has not…

READ MORE

New Model Adviser: Lynne Rowland’s article “Forget stamp duty, property tax changes mean there’s lots to learn”

13.07.20 / Insight posted in MKS News

We are nearly four months into the new tax year, with lockdown restrictions slowly being relaxed and some positive signs in the property market following Rishi Sunak’s stamp duty holiday announcement last week. New rules notwithstanding, there are still some significant changes to the tax rules that apply to residential property that you need to…

READ MORE

eprivateclient: Lynne Rowland’s article “The future of care funding in the UK: Now is the time to be bold”

07.07.20 / Insight posted in MKS News

The UK government’s extraordinary financial support to businesses and the self-employed during the Covid-19 crisis has highlighted the precarious position of the UK care industry. Radical change must follow challenging debate about the cost of providing the service that everyone needs. There needs to be better provision for care in later life. The government should…

READ MORE

The Telegraph: Tim Stovold responds to proposed tax on test

07.07.20 / Insight posted in MKS News

Tim Stovold calls for reversal of HMRC’s proposal to collect tax from employees making use of testing kits that their employers are supplying. Workplace-provided kits for employees to test for Coronavirus are being described as a taxable benefit in kind. Stovold comments: “It is absurd that HMRC should collect tax on employer provided kits. It…

READ MORE

Accountancy Age: John Hood reacts to Fair Tax Mark Poll 2020

30.06.20 / Insight posted in MKS News

The Fair Tax Mark Poll 2020 revealed that Brits are asking businesses to display transparency and a sense of duty to society. John Hood said: “The colossal sums paid out by the Exchequer to support staff on furlough has reinforced how important it is that businesses contribute by paying the correct amount of tax in…

READ MORE

Taxation: Andrew Constable’s article “Tax transparency of general and limited liability partnerships”

22.06.20 / Insight posted in MKS News

Andrew Constable untangles the legal intricacies of partnerships. It is a truth universally acknowledged that partnerships and limited liability partnerships (LLPs) are transparent for tax purposes. But what exactly this statement means in practice, and how widely it should apply, is not always entirely clear. If we examine how partnerships and LLPs are treated in…

READ MORE

The Times: Lynne Rowland’s article “Leaving a child off of a will should be a promise, not a hope”

18.06.20 / Insight posted in MKS News

Lynne Rowland’s article explores the reasons for a person choosing not to include a child in a will. She calls for the law to be clarified to show just how this can be done. One consequence of families spending more time together under lockdown is a spike in couples seeking divorce. Another, perhaps in forced…

READ MORE