Technical Updates

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technical updates

In-depth analysis of the issues facing our private clients, entrepreneurs and their businesses.

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19 September 2018

Museum and Gallery Tax Relief

Museums and Galleries Exhibition Tax Relief (MGETR) is available to incorporated museums and galleries from 1 April 2017. The objective of the relief is to recognise the cultural value of museums and galleries in the UK and encourage more diverse and high quality exhibitions. The relief allows companies to claim an enhanced corporation tax deduction for qualifying…
Business taxes Charity Technical updates
08 August 2018

Reforms to Off-Payroll Working – Extension to the Private Sector

HM Revenue & Customs estimate that about one third of individuals working through an intermediary Personal Service Company (PSC) – i.e. off-payroll working – are effectively working in the same capacity as an employee of the PSC’s end customer. Working through an intermediary company rather than being directly employed means that the worker can benefit from a lower…
Business taxes Compliance Personal taxes Technical updates
06 July 2018

Corporate Interest Expense

The worldwide debt cap rules were repealed effective from 1 April 2017 and have been replaced by the new corporate interest expense rules. The motivation behind the new rules is to restrict the amount of tax relief for interest expenditure claimed by large or multinational groups that are highly leveraged. For companies that have a year-end spanning this commencement…
Business taxes Technical updates
28 June 2018

GDPR – Our Approach

This note sets out the steps Dixon Wilson are taking to ensure the firm complies with the General Data Protection Regulation (GDPR).
Compliance Technology Technical updates
23 May 2018

Contract farming - Fyffe vs. Esslemont

A recent court ruling in the Scottish Land Courts has provided food for thought for landowners operating contract farming arrangements.  The case, Fyffe v Esslemont, was not primarily concerned with taxation but nonetheless provided interesting analysis on contract farming arrangements.
Inheritance tax Property Technical updates
11 May 2018

Carried Forward Losses for Companies

Prior to 1 April 2017, relief for carried-forward losses for companies was much more restricted than relief for losses arising in the current tax period. In the current tax period, losses could generally be set against other forms of profits (“sideways loss relief”) and also relieved against profits in other group companies (“group relief”). For carried-forward losses…
Business taxes Technical updates
03 April 2018

Substantial Shareholding Exemption

The substantial shareholding exemption rules broadly exempt from corporation tax the capital gain or capital loss arising on the disposal of a 10% or higher shareholding of ordinary share capital in a trading company. The rules have been relaxed so the exemption will be available under wider circumstances with effect for disposals taking place after 1 April 2017. The…
Business taxes Technical updates
03 April 2018

Protection of Identity Details for Individuals Involved in Companies

The Government is to introduce laws to allow personal addresses to be removed from the publicly available information at Companies House.  It is believed the laws will come into force by the end of summer 2018.  The law is aimed at tackling fraudulent use of personal information.
Compliance Technical updates
09 March 2018

Guidance on Charity Structures

Charitable Incorporated Organisations (CIOs) were introduced by the Charities Act 2011 and became available for new entities in 2013.  Until recently, only unincorporated charities could convert into a CIO.  Since 1 January 2018, existing charitable companies have been able to convert into a CIO structure, which has led to a number of charities reassessing their…
Charity Technical updates
08 March 2018

International Private Client UK Tax Card 2018

Please click the download PDF button to view our latest UK Tax Data Card. There is also a version of the tax data card which should be easier to read on a mobile device here. This UK Tax Data Card outlines key UK tax considerations for international…
Non-Dom Tax data card Technical updates
01 March 2018

GDPR – Key Provisions

The new General Data Protection Regulation (GDPR) will be introduced in the UK and the EU on May 25th 2018. The rules replace the Data Protection Act (DPA). The new regulation is intended to provide individuals with greater control over their data now that businesses are collecting more and more personal information. The government has confirmed that the UK’s…
Compliance Technology Technical updates
23 January 2018

French Tax Data Card 2018

Please download the pdf to view the French Tax Data Card 2018.
Tax data card Technical updates