The Knowledge Centre

Farmers Averaging – Getting Down & Dirty with my Hoes The weather in Britain affects all of us but possibly none more so than farmers. Not only do farmers have the extreme and unpredictable weather to contend with, they also have general price elasticity, the global market and even Brexit to consider whilst trying to […]

The UK ORIP (Offshore Receipts in respect of Intangible Property) tax regime The ORIP regime came in to effect on 6 April 2019 with targeted anti-avoidance provisions that apply to arrangements made from 29 October 2018. The stated policy aim of the legislation is to target multinational groups that generate significant income from intangible property […]

Charity tax relief – Background It is reported there has been a “steady decline” in the total amount of charitable donations. This is despite the availability of healthy charity tax relief. This article will focus on precisely what reliefs are available in the UK for the philanthropically minded taxpayer. The nature of the donation – […]

Do I have to Pay Tax on Foreign Dividends? The Changes, Rates & Reliefs Introduction We are often asked how a UK taxpayer deals with tax on foreign dividends. As such, we have decided to set out a brief guide below. Changes to the taxation of dividends Following on from significant changes to UK taxation […]

Share Capital advantages and disadvantages As the poet, William Blake, once said, “hindsight is a wonderful thing, but foresight is better”. This particularly rings true when devising a corporate exit strategy and ensuring the applicability of Entrepreneurs’ Relief (ER) for those wishing to exit the business. Naturally, it is preferable for a shareholder to structure […]

Dividend Planning – Dividend Waivers Here at ETC Tax we work with a number of Owner Managed Businesses (“OMBs”) and Small-Medium Sized Enterprises (“SMEs”). More recently there has been a surge in individuals who historically entered into schemes designed to extract the fruits of their labour whilst attempting to bypass the taxman. Unfortunately, these individuals […]

What is transfer pricing? Transfer pricing is one of the most important issues in international tax. Transfer pricing is the general term for the pricing of cross‐border, intra‐firm transactions between related parties. These transactions can include transfers of intangible property, tangible goods, or services as well as loans or other financing transactions. The UK’s current […]

The Statutory Clearance Procedure, the highlights… I recently attended a tax conference, where one of the speakers was Martin Roberts, Team Leader for HMRC’s Clearance and Counteraction Team. As we are often asked by clients about the clearance process, we thought it would be useful to share some of the ‘highlights’ of his presentation. The […]

Making Tax Digital (“MTD”) In an effort to revolutionise the UK tax system, HMRC has identified its ‘four foundations’ which will result in the transformation of the tax system and enable them to remove the requirement for Tax Returns to be filed. Making Tax Digital: Where are we now? On 15 August 2016 HMRC published […]