COVID-19 hub: Tax

22/05/2020 - A Family Investment Company (“FIC”) is a useful vehicle for both passing wealth to the next generation and as an investment vehicle in its own right.  It also has potential inheritance tax (“IHT”), income tax and capital gains tax benefits.  Now is a particularly good time to be establishing a FIC, given current depleted asset values.

20/05/2020 - The Coronavirus pandemic has disrupted travel globally. Restrictions on movement and the location of people can affect the tax residence position of both businesses and individuals.

[Updated 06/05/2020] - Though the primary concern may be public health, it is natural for individuals to be concerned about how current circumstances will impact their finances.

[Updated 23/04/2020] - The Government is supporting employers with the salary costs of staff who would otherwise have been laid off because of Covid-19.

31/03/2020 - There is no road map for private individuals to navigate the current crisis, which is proving to be an extremely testing time for everyone. However, there are some tax opportunities investors could consider to cushion the blow.

[Updated 26/03/2020] - We are currently living in exceptional times. Tax may not be at the forefront of everyone’s minds, but as we adjust to this new world there are a number of tax-related considerations.

25/03/2020 - As part of a raft of measures aimed at mitigating the economic impact of COVID-19, the Chancellor has announced a temporary deferral of all VAT payments. The deferral applies to all VAT payments due from 20 March 2020 until 30 June 2020, which will not be due for payment until April 2021.

19/03/2020 - As a result of the recent downturn in the markets and the ongoing Coronavirus pandemic, many of our clients are already feeling a significant financial impact. For many, their greatest concern is around cash flow management.