Latest Publications

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Tax Relief for Trading Losses – is it “Commercial”?

Posted on: August 1st, 2014 by RRL-admin

If a sole trader or a partnership makes a loss in their trade, that loss can be carried forward against future profits, or set against other income for the tax year concerned or for the previous year, and also against capital gains of the tax year. This relief against other income or gains is sometimes referred to as “sideways” loss relief.

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Dividend Waivers – Beware the “Settlements” Rules

Posted on: August 1st, 2014 by RRL-admin

In a typical family company, paying dividends is a tax-efficient way of extracting profits for the shareholders. Dividend waivers, where a shareholder gives up the right to a particular dividend, can also enhance that tax efficiency, but it is important to be clear on what waivers HMRC are likely to challenge – and what they cannot.

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Agreeing to Disagree – Appeals Against HMRC Decisions and Assessments

Posted on: August 1st, 2014 by RRL-admin

The normal time limit for appeals against HMRC assessments and decisions is 30 days, but HMRC can accept late appeals – and are required to do so if there is a “reasonable excuse” for the lateness.

A recent tax case (Elazoua v Revenue & Customs (2014) UKFTT 75 (TC)) concerned late appeals against various HMRC assessments and closure notices, and the Tribunal allowed the appeals despite them having been about a year too late.

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Passing On The Family Company – Summer 2014

Posted on: May 29th, 2014 by RRL-admin

Passing On The Family Company – Summer 2014

Auto Enrolment – Summer 2014

Posted on: May 29th, 2014 by RRL-admin

Auto Enrolment – Summer 2014

Charity Newsletter Spring 2014 Issue 24

Posted on: April 22nd, 2014 by RRL-admin

Charity Newsletter Spring 2014 Issue 24

The Budget 2014

Posted on: March 20th, 2014 by RRL-admin

Budget 2014

Tax Rates 2014/15

Posted on: March 20th, 2014 by RRL-admin

Tax rates 2014-15


The above information should not be used to make decisions in isolation without consulting a professional adviser.