In the first article of two parts on demergers, Paul Davies, tax writer at Croner-i, investigates how to achieve a tax effective separation of a company’s trading activities using an indirect trade demerger, outlining the conditions that must be met for the shareholders of the distributing company to avoid an income tax charge 

Figures released by HMRC showed that 2,616 taxpayers filed their self assessment returns on Christmas Day, continuing a trend that sees a yearly increase in the number of business owners working through the holiday

Finance Bill 2018-19 heralds some important changes to the entrepreneurs’ relief legislation, including tighter rules to ensure that shareholders beneficially own at least 5% of the true economic rights in the company. Peter Rayney FCA CTA explains the potential tax pitfalls

The government has amended the draft rules on entrepreneurs’ relief just weeks before Finance Bill 2018-19 is passed in the new year, with significant overhaul of the proposed ‘economic test’

A record number of business owners are anticipated to submit their tax returns on Christmas day, continuing a trend that sees business owners working through the festive season to settle their tax affairs before the deadline

Political divisions and extensive debate of the government’s Brexit deal mean that Finance Bill 2018-19 (FB 2018-19) failed to pass beyond the committee stage before the parliamentary Christmas recess and will remain without royal assent until the new year

The House of Lords economic affairs committee is right to call for a new review of HMRC powers as the tax authority over-reaches itself with spurious tribunals and exhaustive investigations, not to mention the introduction of a 12-year time limit set out in Finance Bill 2018-19, says John Cullinane CTA, tax policy director at the Chartered Institute of Taxation

The upholding of an earlier judgment by the Court of Appeal means that two former Uber drivers should have been treated as permanent staff and were entitled to receive the national minimum wage and holiday pay, with significant implications for the gig economy

HMRC has launched a three-month consultation looking at electronic sales suppression (ESS), whereby businesses or individuals use technology to artificially reduce their reported sales and corresponding tax liabilities

Croner Taxwise tax advice consultant Pras Patel looks at what tax exemptions and benefits are available to employers who provide workplace charging points for electric or hybrid vehicles

A majority of MEPs in the European parliament have signalled support for amendments to the proposed tax on digital services to include companies such as Netflix and lower the taxable revenue threshold to include more companies