Mark McLaughlin Associates

They think it’s all over … it is now! This will be a familiar quotation to football loving readers of Taxation (or the more senior ones, anyway), being the famous words from Kenneth Wolstenholme’s BBC TV commentary in the closing moments of the 1966 World Cup, in which England beat West Germany 4-2 after extra [...]

Significant changes Changes to legislation and practice affecting tax compliance seem to be happening at a rapid pace. Below is a summary of some recent significant practice procedural changes, and when they take effect. Tax return filing dates The changes to personal tax return filing dates announced in FA 2007 apply to tax returns for 2007/08 and later [...]

Inaccuracies in returns A new penalty regime was introduced in FA 2007, and extended in FA 2008. It is expected to apply to inaccuracies in returns (or other documents) due to be filed from 1 April 2009, where the return (e.g. personal, company, VAT) relates to a tax period beginning on or after 1 April 2008 (e.g. [...]

A welcome simplification It is becoming more common in this age of international markets for businesses to send employees on overseas assignments. This will result in accommodation and subsistence expenses being incurred, which normally requires the employee to obtain expense receipts for P11D purposes. Fortunately, a welcome optional simplification of the rules regarding accommodation and subsistence payments [...]

Issues of uncertainty Recent cases before the Special Commissioners have dealt with two issues of uncertainty on Business Property Relief (BPR) claims for IHT purposes. Business property does not qualify for BPR if the business consists wholly or mainly of dealing in securities, stocks or shares or land or buildings, or in making or holding investments (although there [...]

In the edition of Practice Update: BPR Developments – Recent case law clarifies what qualifies for Business Property Relief. Employees Working Abroad – Accommodation and subsistence expenses - a useful simplification. Penalties in Enquiries – An outline of the ‘old’ and ‘new’ penalty regimes. Dates For Your Diary! – A look at some key dates and major changes affecting [...]

"This essential guide to inheritance tax provides a clearly structured analysis of the major tax provisions together with the tips and planning techniques you?ll need to successfully apply them." Tottel Publishing

Coming soon… Tax practitioners will be aware that a new penalty regime was introduced in Finance Act 2007 (FA 2007, s 97 and Sch 24), which is being extended in Finance Act 2008 (FA 2008 is awaiting Royal Assent at the time of writing). It is broadly expected to apply to inaccuracies in returns (or other documents) due [...]

Join Mark McLaughlin Associates! I am looking for a tax specialist to join me at Mark McLaughlin Associates as a Director and sharerholder, to expand the tax advisory service provided to professional firms. The ideal individual will be: self-employed, or an employee with ambitions to help run a tax practice. capable of bringing tax work with them. self-motivated and committed to [...]

Mark McLaughlin Associates is a Manchester-based firm of Chartered Tax Advisers, providing tax consultancy and support services to professional firms.  MARK MCLAUGHLIN CTA (Fellow) ATT TEP Mark McLaughlin is a Fellow of the Chartered Institute of Taxation and a member of the Association of Taxation Technicians and the Society of Trust and Estate Practitioners. TAX CONSULTANT Since January 1998, [...]