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Tag: General, Company Law, Business Tax, Private Client Tax and Trusts

Court of Appeal Acts to Close Managed Service Companies Tax Loophole

Court of Appeal Acts to Close Managed Service Companies Tax Loophole

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For those who provide their services personally, there can be significant tax advantages in interposing a corporate vehicle between themselves and clients who would otherwise pay them directly. Such arrangements are, however, frowned upon by HM Revenue and Customs (HMRC) and are likely be a

TV Personality Paid Through Company Overturns £900,000 Income Tax Bill

TV Personality Paid Through Company Overturns £900,000 Income Tax Bill

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Media personalities frequently offer their services through corporate vehicles and the tax implications of them doing so have long been controversial. However, in one case, a TV entertainer’s company succeeded in overturning a six-figure Income Tax demand after persuading the First-tier Tribunal (FTT) that she