Mishcon de Reya page structure
Site header
Main menu
Main content section

Tax Aware

Issue 14: June 2021

Tax Aware

IR35 for the private sector: Where are we now?

The IR35 rules as now applied to private sector businesses came into force on 6 April 2021. Now two months in, our experience has been that many consultants that are deemed to be subject to IR35 have been required to operate through umbrella companies, with others being brought into their clients' payroll.

Africa House - Mishcon de Reya

SSE: Hiving down before a sale deemed ineffective

Simplicity is good but sometimes it comes at a cost, as a taxpayer recently found out in the case of M Group Holdings Limited v HMRC (TC/2019/04839) when losing their claim for tax relief under the substantial shareholding exemption (SSE).

Tax cubes on coins

Personal tax: The Big Freeze

The Finance Bill 2021 is expected to receive Royal Assent before the parliamentary summer recess in July. Rather than raise taxes, the Government has chosen the less politically controversial route of taxing by stealth by freezing the amount that people can earn tax-free.


VAT: The end of duty-free shopping in the UK

The VAT Retail Export Scheme used to allow overseas visitors buying certain goods in person in the UK to receive a refund of any VAT paid on those goods. The Scheme was abolished on 1 January 2021.

Previous Issues

How can we help you?

How can we help you?

Subscribe: I'd like to keep in touch

If your enquiry is urgent please call +44 20 3321 7000

Crisis Hotline

I'm a client

I'm looking for advice

Something else