Employment intermediaries required to make quarterly reports Since the 6 April 2015, employment agencies and other intermediaries have been required to make quarterly reports of payments where no tax has been deducted from the payments. This has included payments made directly to workers or via partnerships, LLPs and companies. Recently though, HMRC have updated their guidance to intermediaries regarding the
Where a sole trader, partnership or LLP has established a significant value for the goodwill of their business it was possible up until 3 December 2014 to transfer that goodwill to a limited company and pay just 10% capital gains tax by claiming entrepreneurs’ relief. The former owner(s) could then draw down on the loan account created with the
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