Top 25 accountancy firm, haysmacintyre, has today announced the appointment of Paul Atkins, who joins our Property team as Partner.

Welcome to the Summer 2023 edition of our briefing for Professional Institutes and Membership Bodies (PIMBs).

In 2014, the Government introduced anti-avoidance provisions to combat the advantage of tax avoidance schemes. HMRC can give follower notices (FNs) and accelerated payment notices (APNs) or partner payment notices (PPNs) to taxpayers involved in tax avoidance schemes under the disclosure of tax avoidance schemes rules.

The Government’s Economic Crime and Corporate Transparency Bill (the Bill) is the second phase of a series of reforms aimed at preventing fraud and money laundering through corporate structures.

HMRC’s monthly bulletin for June 2023 reported that Inheritance Tax (IHT) receipts for April and May increased by £100mn in the same period last tax year to £1.2bn. This is following record IHT receipts for the 2022/23 tax year of £7.1bn, which again was an increase on the previous year of £1bn.

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

Katharine Arthur, Partner and Head of Private Client, has featured in the This is Money feature of The Daily Mail. Katharine shared her thoughts on the news that thousands of investors could be forced to pay Capital Gains Tax (CGT) on ‘fractional shares’ – where investors hold slices of shares rather than full ones – which have been put into ISAs through the investing platform Freetrade.

After losing the IR35 argument over Gary Lineker’s employment status, HMRC plans to appeal the decision made by the First Tier Tax Tribunal. Riocard Hoye, Senior Manager within the the Tax Disputes & Resolutions team, shares his outcome predictions within Accountancy Daily.