News

HMRC have launched separate consultations on the tax deductibility of corporate interest expense, reform of the substantial shareholdings exemption and reform of CT loss relief.   The consultation on tax deductibility of corporate interest expense seeks views on the detailed policy design and implementation rules which could restrict the tax deductibility of the corporate…

On 22 May a Dixon Wilson team took part in Neptune City Sevens, an annual rugby tournament specifically open to professional service firms within the City. The event is held in aid of Child Bereavement UK, and all team entry costs go towards this cause. Dixon Wilson were drawn into a group with Savills, Thomson Reuters, Saffery Champness and Standard Life, and after some exciting…

The FRC has issued an amendment to FRS 105 to bring limited liability partnerships and qualifying partnerships within the scope of the micro-entities regime. For periods commencing on or after 1 January 2016 (although early adoption is permitted from 1 January 2015), LLP’s and qualifying partnerships will be able to prepare micro entity accounts subject to the micro entity…

Dixon Wilson has been recognised by being shortlisted in two categories in Citywealth Magic Circle Awards 2016. The firm has been shortlisted for Accountancy Firm of the Year, and David Nelson has been shortlisted for Outstanding Individual of the Year.

The HMRC consultation follows the October 2015 release by the OECD of their best practice recommendations on interest expense. The OECD identified interest expense as one of the key areas where there is significant opportunity for base erosion and profit shifting (BEPS) by multinational companies. The three basic scenarios of concern to the OECD are: groups placing higher…

The International Accounting Standards Board has today issued a new accounting Standard on leases. The main change introduced by the standard is that leases will be brought onto the balance sheet, increasing the visibility of companies’ assets and liabilities. Short-term leases (less than 12 months) and leases of low-value assets are exempt from the requirements. The new standard…

In its September 2015 Employment Related Securities Bulletin, HMRC announced that it would hold a meeting to discuss the continuing uncertainty over the tax treatment of employment-related securities options, including many…

The update to HMRC’s guidance follows the recent release of updated versions of FRS101 and FRS102 by the Financial Reporting Council in September 2015. The purpose of the papers is to assist companies with the tax implications of applying FRS101 (IFRS…

The partners of Dixon Wilson are delighted to announce that Gregory Smye-Rumsby will be joining the partnership with effect from 1 October 2015.  Gregory started as a trainee at the firm in 2006 having graduated from Oxford. He has progressed through the firm since then, qualifying as a Chartered Accountant and a Chartered Tax Adviser. He will bring significant expertise in…

Dixon Wilson has been awarded Best Accountancy and Tax Team 2015 at the Wealth Adviser awards, presented on 15 May. The awards were determined by the votes of Wealth Adviser’s readers, who include wealth managers, IFAs, fund managers, family offices, law firms, accounting firms and other industry professionals. …

Graham Chambers was nominated by Spear’s magazine for Private Client Accountant of the Year at an awards ceremony held at the Savoy Hotel on 27 October 2014. Graham has over 45 years of experience working at Dixon Wilson and continues to be one of the most well respected figures in the private client world.