Brexit update from HMRC

HMRC have released some guidance to help businesses that trade with the EU get ready to deal with customs in the unlikely event that the UK leaves the EU without a deal on 29 M‌ar‌c‌h 2019. Businesses that only trade in the EU and are registered with HMRC for VAT purposes will receive a copy of the letter through the post in the coming days. In the meantime, they can be accessed here.  

The Risks of Late Estate Planning

Imagine you are named as the executor and a beneficiary of your wife’s wealthy aunt. You learn that she is suffering from terminal cancer and has ‘a very impaired lifespan’. What do you do?

This is what happened in the case of Nader and others v Revenue & Customs. The executor/beneficiary, a Dr Nader, decided to consult a leading firm of accountants about inheritance tax (IHT) mitigation options for Miss Dickins (the aunt).