Our latest press release – Budget promise of clarity on Image Rights

The Chancellor of the Exchequer presented the 2017 Spring Budget yesterday, and whilst his actual speech was relatively benign, the backup policy documents contained some additional, more interesting comment. Amongst the brief comments provided was a statement identifying the government’s awareness of UK employers paying image rights payments under separate contractual arrangements to employment income.…

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‘How to structure image rights companies for international athletes working in the UK’

There appears to be an increasingly common misconception in the media that international athletes set up image rights companies as a ‘tax dodge’ or part of a ‘secret deal’ in an illegitimate attempt to reduce their UK tax liabilities. In the author’s experience, such comments bear little resemblance to the requirements for any image rights…

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‘Making Tax Digital’ Mark Davies comments in FT Adviser

HM Revenue & Customs has revealed how businesses, the self-employed and landlords will be hit by plans to modernise the tax system.    Under HMRC’s plans to move recording and paying your tax online, most businesses, self-employed people and landlords will be able to keep track of their tax affairs digitally and update the document…

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HMRC plans to demand details of Offshore Trusts and companies from their Advisers

The Law Society has learned that HM Revenue and Customs (‘HMRC’) intends to write to firms that advise clients on the establishment of offshore trusts and companies, seeking information about beneficial ownership. The letter will precede a formal Notice under Schedule 23 Finance Act 2011, which will compel the recipient to provide information.    We…

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