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Tax Planning: 2022/23

Mark McLaughlin

Edition: 2022/23

Publication Date: December 2022

Publisher: Bloomsbury Professional

Law As Stated At: 23 September 2022

Tax Planning: 2022/23

Tax Planning: 2022/23

The government and HMRC continue to clamp down on what they regard as tax avoidance and unacceptable tax planning. This can have unfortunate and unexpected consequences for taxpayers, and is also likely to have unpleasant implications for 'enablers' of defeated tax avoidance.

There is still much that can legitimately be done to save or reduce tax. Indeed, many clients of professional firms expect prompt, appropriate and up-to-date advice from their advisers on minimising tax liabilities. Tax Planning aims to point out some of the areas where such planning opportunities still exist.

This updated content – brought fully up to date to include the 2022 Autumn statement - includes:

  • Two completely new chapters on ‘Business loss reliefs’ (Chapter 4) and ‘Selling companies to employee ownership trusts’ (Chapter 9)
  • The impact on NIC’s in consideration of incorporation (3.27)
  • Update to ‘Company purchase of own shares chapter’, on contracts with multiple completion (5.39)
  • Two recent decisions relating to entrepreneurs relief in ‘Groups and substantial shareholdings’ chapter (7.67)
  • Update on data and cloud computing costs in relation to R&D (12.1)
  • New case law and legislation developments in relation to private residence relief (14.4)