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Governance of defined benefit pension schemes

by | Jun 22, 2014 | ACCA, pensions

Understanding the role of a pension scheme trustee. Trustees of pension schemes have a legal obligation, under section 249A of the Pensions Act 2004, to implement adequate internal controls. This covers a broad range of governance functions including operational,...

HMRC new IR35 guidance

by | Jun 20, 2014 | IR35, PSC

HMRC has published some new IR35 guidance. No new rules or law, just updated guidance.  It’s worth a read for background but it’s slanted to how HMRC would like IR35 to work, not how the courts have actually ruled IR35 and employment status works....

Payroll – interest on late payments

by | Jun 14, 2014 | ACCA, employer returns

Topical advice on how interest is being accrued on late payments. Employers will be able to see an estimate of the interest building up on late payments on the Business Tax Dashboard. Those who pay electronically will have seen this from 19 May. It will appear until...

Inheritance tax update

by | Jun 12, 2014 | ACCA, capital taxation

Recent developments in inheritance tax legislation and new guidance from HMRC have given rise to changes to the inheritance tax code.  Nil rate provision in legacy In the case of Loring v Woodland Trust, the transfer and use of Mrs Loring’s husband’s unused nil...

Lifting the veil of incorporation

by | May 30, 2014 | ACCA, business issues

Lifting the veil of incorporation is rare in practice; however the courts do permit it, as a recent case illustrates. Lifting the veil of incorporation is rare in practice; however the courts do permit it when the person or persons are using the incorporation of a...