Broadly speaking, if you are a member in a partnership or an LLP which has an accounting year end other than 31 March to 5 April, then you are!

Salaried Members (SM) legislation: The Upper-tier Tribunal (Tax and Chancery) (UTT) judgement on appeals by His Majesty’s Revenue and Customs (HMRC) and BlueCrest Capital Management (UK) LLP (BlueCrest) heard on 27-29 June 2023, was released on 18 September 2023. The judges confirmed that the First-tier Tribunal (FTT)’s decisions were correct and dismissed both appeals. However, the judges did provide some clarification on HMRC’s interpretation of the ‘significant influence’ exclusion which was considered too narrow. It remains to be seen if either HMRC or BlueCrest take their appeals further.

Katharine Arthur, Partner and Head of Private Client, has featured in Accountancy Age, sharing her views on the future of Capital Gains Tax (CGT), ahead of the next General Election.

The latest edition of our Charities and Not for Profit eNews is now available to download.

Nudge letters are HMRC’s cost-effective way of communicating with many taxpayers who have been identified concerning a specific tax risk. The letters serve to notify taxpayers of their obligation to ensure their tax affairs are accurate and correct.

We are delighted to announce that haysmacintyre has been named ‘Large Firm of the Year’ at the 2023 Accounting Excellence Awards.

The latest edition of our Corporate and Private Client eNews is now available to download.

Charities are making an increasing return to fundraising activities and in-person events and now is the time to ensure you are getting the most out of your charity’s Gift Aid claim.