PRIVATE BUSINESS TAXES

Draft legislation is to be included in Finance Bill 2014 to counter tax avoidance through the use of a partnership, but with more people being affected than previously thought, there is more thinking to be done, says James McCredie.

Michael Avient answers a query on the payment of tax on trading losses that are the subject of an enquiry.

By George Bull

Loan to employee

Practitioner views on the impact of the Autumn Statement:

• James Bullock examines the enforcement and compliance issues;
• Tony Beare considers the impact on multinational corporations;
• Peter Vaines examines the private client perspective;
• David Whiscombe on the impact of the chancellor’s announcement on SMEs;
• John Hawksworth provides an economic perspective.

Your guide to the key measures

HMRC is writing to employers to give them the opportunity to settle the tax arising on employer financed retirement benefits scheme (EFRB) arrangements set up for the employees. There are two possible routes for settlement:

EIS and partnership interests

David Whiscombe considers the recent decision of the Supreme Court in Cotter.

Christopher Groves looks at the long-running BPR case