Sometimes the shareholders of a family company want to pay dividends that are not in proportion to the size of their shareholdings. James Bailey looks at the two ways this can be done, and explains why one is clearly better than the other as regards possible HMRC challenges.
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- James Bailey’s tax publications
To read some of the documents below you will need to have PDF software installed on your computer. A popular choice is Adobe Reader, which is free and available to download from Adobe here.
The Second Budget 2015
No Chancellor can resist including a few surprises in his Budget, and George Osborne did himself proud, with major changes to the taxation on landlords and of dividend payments from limited companies.
Our summary covers these and other important announcements.
Tax Rates 2015-16 Updated
This has been updated for the changes to the AIA announced in the Chancellor’s speech on 8 July 2015.
Waivers or Alphabets? Dividends from family companies.
Tax Avoidance Paranoia
Over the last couple of years, there has been a massive shift in public attitudes towards tax avoidance. James Bailey wonders if things have now gone too far in the anti-avoidance direction.
A recent case before the First Tier Tax Tribunal (Day and Anor v Revenue & Customs  UKFTT 142 (TC)) holds some valuable lessons for landlords selling a Buy-to-Let property.
Summer 2015 Newsletter
Get Ready For Pension Auto Enrolment – Summer 2015
What Is The Best Business Medium For Tax Purposes? – Summer 2015
The above information should not be used to make decisions in isolation without consulting a professional adviser.