News & Views
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Latest Mercer & Hole blog round up…
Below are the latest blog topics that our experts have been posting over the past few weeks, feel free to visit our blogs posts and leave your comments.
Unable to pay its debts – the balance sheet test
We all know the definition of insolvency for a company – or do we? The cashflow test – unable to pay its debts as they fall due – is relatively uncontroversial, but the balance sheet test is more difficult.
Read more…Company cars – yes or no?
Unfortunately, the answer is – it depends. The key factor is the commercial deal you or your business can get. Tax can have an impact though.
Read More…Removal of higher rate tax relief – options on pension contributions
With the removal of higher rate tax relief on pension contributions for those with total earnings over £130,000 what options do you have?
Read more…To receive our blogs direct to your inbox, click on the blog of your interest and follow a few simple subscription directions.
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Blog round up
Below are the latest blog topics that our experts have been posting over the past few weeks, feel free to visit our blogs posts and leave your comments.
Simple Tax? Office of Tax Simplification (OST) launched
The BBC reports on the set up of the Office of Tax Simplification (OST). We are pleased to see this and the tax policy document issued at the time of the emergency Budget.
Read more…Increase in investigations?
There has been some press speculation recently that HMRC is looking to close down enquiries, in as short a time as possible, with a view to advancing tax receipts.
Read more…Potential good news for Charities – VAT
David Cameron confirmed during a recent Prime Minister’s Question Time, that he will consult with the Treasury over the additional VAT cost which Charities will suffer when the VAT rate increase takes effect next January.
Read more…To receive our blogs direct to your inbox, click on the blog of your interest and follow a few simple subscription directions.
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Mercer & Hole partner Andy Crook featured in HSBC’s 100 thoughts
Mercer & Hole partner was recently featured in HSBC’s 100 thoughts. Andy was asked what he percieved to the key to giving good business advice:
“The key to good business advice is the ability to make complex issues sound simple.”
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Mercer & Hole bakes chocolate treat for Dame Kelly Holmes
The DKH Legacy Trust has been celebrating its second birthday this month by inviting friends and partners to send pictures of their culinary skills – and Mercer & Hole’s scrumptious cake was just too hard to resist sharing!
Click here to view a picture of the Mercer & Hole team proudly holding their cake!
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Mercer & Hole blog round up…
Below are some blog topics that our experts have been posting over the past few week, feel free to visit our blogs posts and leave your comments.
A noble sacrifice? Members of the House of Lords resign their seats to retain their non domiciled tax status
Various newspapers including The Independent have reported that a number of peers have resigned their seats in the House of Lords to retain their non domiciled tax status.
Read More…Rent as an administration expense – Goldacre
Commercial landlords and insolvency practitioners are all alive to the effects of the decision of HHJ Purle QC in Goldacre (Offices) Ltd v Nortel Networks UK Ltd [2009] EWHC 3389 (Ch) (07 December 2009), that rent is an administration expense when it falls due during the administration.
Read more…A lot of changes
HMRC has recently published a (four page!) list of consultations on prospective changes to tax law following the emergency Budget.
Read More…To receive our blogs direct to your inbox, click on the blog of your interest and follow a few simple subscription directions.
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Liz Cuthbertson features in Taxation magazine’s ‘replies to queries’ section
Private tax partner Liz Cuthbertson features in Taxation magazine’s ‘Replies to queries’. The question Liz answers is in relation to a young football from South America, who is about to be offered terms and sign a contract with a well-known football club.
Liz offers pointers regarding his potential UK taxation liabilities.
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The TAX family: their story continues
In March 2010 we first met Mercer & Hole ‘clients’, Tom, Andrew and Xena, of the ‘TAX’ family. Things have moved on for the family over the last three months and in this emergency Budget special edition of Tax Plus, we take a look at how the Budget, which included both well heralded announcements and some surprises too, impacts them and their businesses.
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Emergency Budget 2010 - blog round up
The Chancellor delivered his Budget 2010 on Tuesday 22 June 2010. Our Partners and Managers posted a number of blogs in relation to the Budget announcement. Please click here to view the respective blogs posts.
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Mercer & Hole blog round up…
Below are some blog topics that our experts have been posting over the past few week, feel free to visit our blogs posts and leave your comments.
HMRC – Time to pay rejections on the rise
The previous Government’s support in giving businesses time to pay their their debts to HMRC via the Business Payment Support Service (BPSS) has been widely acknowledged as having provided a lifeline to many businesses. Continued support was assured in their March 2010 Budget although from the increasing number of referrals we have seen in recent weeks there are clear signs that HMRC are taking a stricter view when dealing with outstanding debt.
Read more…Non-dom advice – Lisa Spearman featured in ‘Taxation’ magazine
Lisa Spearman, Private Client Partner at Mercer & Hole and leader of our non-domiciliary focus group has been featured in today’s edition of ‘Taxation’ magazine. Lisa has written the article ‘Not such a safe haven?’ on non-dom issues, offering advice on how best to deal with 2010 tax returns.
Read more…Emergency Budget – maybe Capital Gains Tax changes will not be so bad after all
Nick Clegg gave an interview on Radio 4 during which he said, “It is impossible to start picking off whether you believe in indexation, so you don’t tax the increase in the value of assets through inflation, and you have to couple that with consideration of what rates you use.” Meanwhile Vince Cable was interviewed on Radio 5 and he referred to people being concerned over taxation of gains due to inflation and implied that this would be sorted out in the Budget. He was, though, adamant that rates on non-business assets at least had to rise to stop people turning income into capital and avoiding tax.
Read more…To receive our blogs direct to your inbox, click on the blog of your interest and follow a few simple subscription directions.
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Lisa Spearman featured in ‘Taxation’ magazine
Lisa Spearman, Private Client Partner at Mercer & Hole and leader of our non-domiciliary focus group has been featured in today’s edition of ‘Taxation’ magazine. Lisa has written the article ‘Not such a safe haven?’ on non-dom issues, offering advice on how best to deal with 2010 tax returns.
