Specialist Tax Regulatory Materials
HMRC has updated its guidance on working out the balancing charge when a plant or machinery is sold or disposed by a company after claiming allowances for them.
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
Incentives, awards and prizesIntroduction 鈥� incentives, awards and prizesEmployers may use a variety of methods to reward and encourage employees in their work. These are commonly known as incentives, awards or prizes. For the purposes of this note, the term 鈥榓ward鈥� will be used to cover all
Payments to trust beneficiariesThis guidance note considers the trustees powers to make payments and whether the payment made is income or capital.This guidance note is designed to give outline and background for accountants and tax advisers who deal with clients establishing trusts. It is not
Winding up a trust 鈥� legal, administrative and compliance issuesOverviewWhen winding up a trust, there are legal formalities and compliance issues that need to be dealt with, as well as IHT and CGT consequences that flow from the termination. This guidance note considers when and how a trust comes
Autumn Budget 2024