Is Lorraine Kelly a tax avoider or a celebrity scapegoat? The papers have recently been rife with stories of how TV presenter, Lorraine Kelly, won an appeal at a First Tier Tribunal over a £1.2m demand for unpaid income tax and National Insurance contributions (NICs). This arose from a HMRC challenge to her employment status…
Read MoreThe issue This week we report on another tale of Entrepreneurs’ Relief (now known as Business Asset Disposal Relief) woe that has arisen in the case of Philip Hunt v HMRC. In 2007, Mr Hunt was approached by Foviance Group Ltd to take over the role of Chairman of the company. He agreed to come…
Read MorePurchasing a business or assets from an Insolvency Practitioner (IP) can be an excellent opportunity for a third party wishing to add to its portfolio or expand into a new area of the market. When done correctly the transaction can be quick, and assets can be purchased at a reduced rate due to the circumstances.…
Read MoreThe issue A key requirement for shareholders to enjoy Entrepreneurs’ relief (ER) is that they have owned 5% of the ordinary share capital for two years. Whereas ‘normal’ shares may have a relatively low nominal value (sometimes as low as £100) preference shares are typically for much higher amounts and can run into millions. Therefore,…
Read MoreHMRC Issues Consultation On IR35/Off-Payroll Reforms To The Private Sector HMRC has now issued the long-awaited consultation into off-payroll reforms for the private sector, due to be effective from April 2020. At a glance there are some interesting points being consulted on: Improvements in communicating the IR35 determination, and considers how to ensure it is…
Read MoreToyah and Nicholas were brilliant in sorting the MVL out for one of my clients. They kept me updated all the way through the process, and the client was delighted with how easily it all went through. I have since referred another case to Clarke Bell – it is very reassuring to know that we are in such safe hands. Many thanks. Martyn
Martyn Thacker
Clarke Bell Ltd were excellent with every aspect of our Members Voluntary Liquidation and in particular they were great value for money. Our contact, Nicholas was extremely professional, most thorough and reached all deadlines to our total satisfaction.
Steve Dawson
Clarke Bell were very good to deal with during the closure of a business I worked for. Although the closure of the business was complicated and slow, Clarke Bell kept me up to date on everything happening and were very helpful. I would highly recommend them.