Stephen Parnham Taxation Limited
Cheltenham Chartered Tax Advisers
Advising throughout the UK
In Castledine v HM Revenue and Customs the First-tier Tribunal held that deferred shares with no voting rights, no dividend entitlement and no realistic expectation of a distribution on winding up formed part of the ordinary share capital of a…
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The DOTAS regime allows HM Revenue & Customs to keep up to date with what types of tax avoidance schemes are in circulation. It therefore provides the opportunity to review and if necessary, amend legislation to block any scheme which…
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Banks, building societies and National Savings & Investments stopped taxing interest at source on 6th April, potentially complicating the administration of smaller estates and trusts. Under the old tax deduction scheme for Interest, representatives of estates and trusts, as well…
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HM Revenue & Customs collected a record £4.56 billion in inheritance tax in 2015/16. This represents a 21.6% increase from the £3.78 billion collected the previous year and a 70% increase from 2010/11 when HMRC took in £2.69 billion, according…
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Dividends have been a very tax-efficient way of making savings in national insurance contributions and income tax contributions for a number of years, with many business owners and shareholders choosing a smaller salary, plus an additional remuneration package paid as…
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