In your world, where there is no margin for error, Tolley®Guidance provides practical help with examples and template documents that demonstrate how to apply legislation in real-world situations. Designed to simply and quickly give you the information you need, Tolley®Guidance is intuitive to use. Written in clear language, Tolley®Guidance breaks down complex issues into easily digestible modules, with links to source legislation to provide the reassurance that customers demand.
The 31 January Tax Return deadline is fast approaching. Below you will find our most popular guidance notes which give you expert commentary and practical guidance to support you during Tax Return season.
As we continue to experience the ever evolving impact of Coronavirus (COVID-19) on both our personal and professional lives, we at Tolley have produced simple and practical guidance on how best to support you, your organisation, and your clients through these unprecedented times.The guidance notes that feature below has been developed to provide tax practitioners and accountants with commentary and practical guidance on all the latest tax measures set out by the Chancellor to support businesses and individuals through the impact of COVID-19.
Chancellor Rishi Sunak delivered his third Autumn Budget on 27th October, announcing the Government's tax and spending plans for the year ahead after what has been an unprecedented 12 months. Our unrivalled team of tax experts have created in-depth commentary and practical guidance covering all the latest tax changes from the 2021 Autumn Budget, helping you understand what the announcement means for you and your clients.
What is an Age 18–25 trust?The special category of Age 18–25 trusts was introduced by FA 2006 to offer some compensation for the loss of old style accumulation and maintenance (A&M) trusts. The A&M regime offered exemption from IHT charges on trusts in favour of children and young adults up to the
The vast majority of companies will have loan relationships and so will need to consider how they are taxed under the loan relationship rules. There are also specific provisions dealing with relevant non-lending relationships and other deemed loan relationships. Companies are generally taxable on
Companies Act 2006 allows a company to repurchase its own issued share capital, provided certain conditions are met. This type of transaction is sometimes referred to as a ‘share buyback’ or a ‘purchase of own shares’.The repurchased shares can either be immediately cancelled, which is typically the
