What is a Form 17?

Couple looking at paperwork and finances

What is a Form 17? The usual tax position for couples who live together with their spouse or civil partners is that property income held in joint names is divided 50:50. This is regardless of the actual ownership structure. However, where there is unequal ownership and the couple want the income taxed on that basis, […]

Offshore reporting funds

Man looking up at bags of money with question marks

Offshore Reporting Funds The list of offshore funds that have been applied and approved for reporting fund status has been updated. The list comprises over 85,000 funds defined as an offshore funds and that have successfully applied to HMRC for reporting fund status. Under UK rules, a fund is obliged to publish, for each of its […]

Good news for retailers in England

Blurred photo of shoppers in UK high street

In a much-needed boost for the high street, retailers will be able to extend their daily opening hours from Monday to Saturday in the run up to Christmas and through January, Communities Secretary Robert Jenrick announced 30 November 2020. Since Wednesday 2 December, as England returns to a system of tiered restrictions, all non-essential retail […]