PRIVATE BUSINESS TAXES

Carry forward of business losses

Tax Journal's coverage of this year's Autumn Statement.

Practitioner views on the Autumn Statement:

• Helen Lethaby (Freshfields Bruckhaus Deringer) examines the impact on big business;
• Simon McKie (McKie & Co) reviews the private client perspective;
• James Bullock (Pinsent Masons) considers enforcement and compliance issues;
• David Whiscombe (BKL Tax) assesses the impact on SMEs;
• John Whiting (OTS) gives the Office of Tax Simplification’s view; and
• John Hawksworth (PwC) provides an economic perspective.

Jackie Wheaton (Moore Stephens) answers a query on a client which is considering making sponsorship payments to a local cricket club, and wants to know if these are allowable

Unallowable purpose straddling two accounting periods

Was a horse breeder carrying on a trade?

Determinations and deliberate failure by the taxpayer

AIA and ‘qualifying persons’

This year’s Finance Act has made significant changes to the taxation of partnerships with a mix of individual and non-individual members. Howard Murray and Josh Lom (Herbert Smith Freehills) provide your guide to the new rules