Blogs from Larking Gowen

Melanie explains the impact of the McCloud judgement on enhanced lifetime allowance protection for members of the NHS Pension Scheme and the urgency for some pension holders to take action before 31 March 202

Two years on, Ellis reviews some of the key changes of the SRA Accounts Rules and how these rules can benefit solicitors and their clients. She also looks at some of the teething issues and additional guidance issued by the SRA.

Nina looks into the recent government announcement about the self-assessment tax returns submission date and the one-month, no penalty reprieve.

The Government has announced grants to help businesses hit by the rise in COVID cases, as well as re-introducing the Statutory Sick Pay Rebate Scheme. Martin Sanders discusses what this may mean for leisure, hospitality and tourism businesses and whether the government support goes far enough.

Peter discusses the pros and cons of a cash free economy.

Lee Green looks at HMRC’s recent guidance update about possible joint and several liability notices being issued to directors of insolvent companies that have a tax liability with HMRC. 

Jamie looks at salary sacrifice schemes for cars and the impact on pension benefits and growth.

Jamie explores the options for tax relief on cars for medical professionals, whether they are partners or salaried.

William reviews the changes that Making Tax Digital will make to the self-employed and landlords who currently complete an income tax self-assessment return.

A ‘preference’ occurs when a company facing insolvency puts a specific creditor, or group of creditors, into a better position than the other creditors. A director could face personal liability if a preference has been made, which could result in the director being disqualified.

Lee Green looks at the implications of Director Loan Accounts (DLAs) when a company goes into liquidation and emphasises that not all directors are aware of their personal liability if the account is overdrawn.