VAT and provision of Shooting Rights

The provision of shooting rights in the course or furtherance of business is a taxable supply for VAT purposes. This means that where the income received exceeds the current VAT registration limit of £83,000 in any period of twelve calendar months or less the shoot would need to have a VAT registration in place and […]

Pension Freedoms: Why turning 75 could prove bad for your wealth

Although widely welcomed, both by those in the wealth management profession and the clients they advise, the recent raft of reforms to pensions (sometimes known as pension freedoms) have taken the UK pensions industry by surprise, with many still struggling to cope with the sheer volume and pace of change. Most financial commentators welcomed one […]

Milk Prices – The Madness Continues

The continuing madness around milk prices has got me thinking about the past. My first “proper” job was with the Milk Marketing Board (MMB) . One of the last roles I had (as with all MMB employees at the time) was to try and secure signatures on the Milk Marque contracts prior to deregulation of […]

Benefits in kind – Making Good

Benefits in Kind – Making Good “Making good” is where an employee gives something (usually a cash payment) to their employer in return for a benefit in kind. Making good has the effect of reducing the cash equivalent of the benefit in kind, often to zero.  This avoids a tax charge arising on the benefit […]

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