HMRC has recently launched a new wave of "nudge" letters aimed at individuals listed as Persons with Significant Control (PSCs) of companies. These letters are part of an effort to ensure that PSCs are meeting their tax obligations, with a particular focus on two groups: The clear implication from HMRC’s briefing suggests that their view […]

Introduction The Enterprise Investment Scheme (EIS), launched by the UK government in 1994, is a powerful mechanism designed to help early-stage companies attract investment by offering significant tax reliefs to individual investors. For companies, especially those in the growth phase or looking to enter new markets, EIS can provide the vital capital needed to scale […]

In Revenue and Customs Commissioners v Professional Game Match Officials Ltd (2024), the Supreme Court was called to determine the employment status of football referees engaged by Professional Game Match Officials Ltd (PGMOL). The key issue was whether these referees should be considered employees for tax purposes, which would obligate PGMOL to deduct income tax […]

Further to the recent government announcement regarding changes to the system by which inheritance tax is charged, shifting from a domicile-based system to a residence-based one, we have prepared a summary of the tax, its application, and key reliefs. This will help you better prepare for the future and ensure that your estate planning aligns […]

A new policy paper was recently published by HMRC with more details around the new non-dom tax rules effective from 6 April 2025. Below is an overview of the key points: End of Remittance Basis The government confirmed that the 2024/25 tax year will be the last year for which the remittance basis can be […]