Bespoke - for private clients

Where’s the pain and gain in Budget 2010?

Monday, March 29, 2010 | Posted by: Richard Jameson
Categories: Business, Personal, Protecting your wealth | Tags: tax, entrepreneurs, economy, CGT, income tax, Richard Jameson, budget, Gordon Brown, Alistair Darling, stamp duty, PSBR, fiscal drag, budget2010, election, forecasts, NICs

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Attempted headline-grabbing announcements, stealth taxes and the devil contained in the detail – that was the style of Chancellor Alistair Darling’s Budget 2010 speech. As for substance it held no great surprises.

So where are the savings (and where is the pain) for companies and high net worth individuals?

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Video interviews - Our experts give their views on yesterday’s budget

Thursday, March 25, 2010 | Posted by: Grant Thornton
Categories: Business, Personal | Tags: business, tax, Francesca Lagerberg, budget, BBC, Mike Warburton, Ellie Gamble, Karen Ward, The Daily Telegraph, WPP, Robert Miller, Martin Sorrell

Watch our interviews with a few of Grant Thornton’s tax experts sharing their views.  You can find out more about Grant Thornton’s viewpoint on our Budget Comment site

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Seven quick wins for the end of the financial year

Wednesday, March 24, 2010 | Posted by: Richard Jameson
Categories: Protecting your wealth | Tags: tax planning, inheritance tax, CGT, Richard Jameson, IHT, tips, bonuses, UK residency, spouse, dividends, Gift Aid, ISA, tax rates, 5 April, Capital Gains Tax

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There are just a few days left before the end of the tax year but there is still time to act if you want to keep your tax bill to a minimum. No need to get bogged down in lots of paperwork – here are seven simple steps you can take…

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Welcome stay of execution for controversial legislation

Friday, March 19, 2010 | Posted by: Francesca Lagerberg
Categories: Protecting your wealth | Tags: HMRC, Francesca Lagerberg, tax agents, HM Revenue & Customs, consultation document, deliberate wrongdoing, draft legislation

HM Revenue & Customs (HMRC) has extended the deadline for responses to its controversial consultation document and draft legislation on deliberate wrongdoings by tax agents. The extension to 28 April was welcome news for the many tax representative bodies who pushed for this to allow time for further examination of the legislation and for more detailed discussions between interested parties to take place.

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A time to pay and name and shame

Wednesday, March 17, 2010 | Posted by: Dave Jennings
Categories: Personal, Protecting your wealth | Tags: tax, tax planning, HMRC, offshore, Dave Jennings, investigation, penalties, legislation, law, human rights

As the recession started to bite, HM Revenue & Customs (HMRC) relaxed its enforcement of debts for some taxpayers facing cashflow problems. Paying arrears by instalments has helped many businesses but may become even more important as new PAYE penalties for employers start in April 2010…

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Luxury submarines, 90-day tax exiles and the miserable millionaire – wealth roundup

Friday, March 05, 2010 | Posted by: Fiona Cullinan
Categories: Personal | Tags: links, tax planning, tax havens, retirement, Richard Branson, wealth management, Lewis Hamilton, submarine, tax exiles, offshore banking

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Find out why racing driver Lewis Hamilton (left) and other non-UK residents should be worried about the latest HMRC’s crackdown. Plus, see the latest millionaire’s plaything – a luxury submersible. These wealth-related stories and more rounded up monthly on the Bespoke blog.

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UK residency status all at sea as HMRC targets tax exiles

Thursday, March 04, 2010 | Posted by: Sue Knight
Categories: Protecting your wealth | Tags: tax, HMRC, HNWIs, Sue Knight, tax havens, domicile, residence, Gaines-Cooper, residency, IR20, UK residents, status, Finance Bill 2008

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The debacle over residency status is finally brought to a conclusion following the publication of the long-awaited decision of the Judicial Review cases of Davies, James and Gaines-Cooper.
So what can the non-residents who want to keep a foothold in the UK expect from HM Revenue & Customs’ (HMRC’s) more rigorous scrutiny of non-UK residency claims?

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New Irish domicile ‘wealth tax’ puts HNWIs in line of fire

Wednesday, March 03, 2010 | Posted by: Richard Jameson
Categories: Protecting your wealth | Tags: tax, HMRC, HNWIs, Richard Jameson, corporation tax, domicile, Gaines-Cooper, residency, Ireland, high net worth individuals, IR20, Irish domicile levy, 2010 Finance Bill

Ireland has been held up as a country with a progressive and attractive tax regime, so the proposal for a domicile levy has taken Irish high net worth individuals (HNWIs) aback. On the other side of the Irish Sea, the recent findings in the Messrs Davies and James and Mr Gaines-Cooper case regarding tax residence have left many internationally mobile individuals feeling that the taxman has them in their sights…

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