The boards of the three Jersey companies were comprised of three Jersey resident professional directors, and the secretary of Development Securities Ltd, who was UK resident.
The recent HMRC letters tell contractors that, if they accept their contract was caught by IR35 rules, they should calculate their employee payroll tax
‘The Revenue are being as belligerent as they’ve ever been,’ says Victor Dauppe, a new addition to our top ten tax accountants.
Following the end of the tax year of separation any transfers will be deemed to be at market value, as the divorcing couple will still be ‘connected persons’ up until the date of divorce (decree absolute).
The tax system in its current form of taxing income was introduced by William Pitt the Younger with effect from 1799 (obviously with updates, new legislation and amendments), so it is no surprise that the fiscal regime no longer dovetails with today&r
The cash collected constitutes over a third of HMRC's £34bn compliance yield for the period, with the remainder being made up of future losses prevented; future benefit; product and process analysis; and accelerated payments.