Donald Reid Group

Phoenixism

Rules introduced with the Finance Act 2016 were intended to try to put an end to the situation where an entrepreneur formed a series of companies and took advantage of claiming entrepreneurs' relief on the cash released by liquidation rather than paying tax on the profits earned and withdrawn as dividend income.  

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Stephanie Franklin joins the DRG Tax Team

We are delighted to welcome Stephanie Franklin to the DRG team as Tax Manager. With our business and client base growing, Stephanie has joined the tax team, working across all areas of personal and business tax.  

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Tax-Free Childcare replaces the Childcare Voucher Scheme

Tax-Free Childcare will replace the existing Childcare Voucher Scheme from the 1 October 2018. Parents already receiving childcare vouchers will be able to continue to use them after October if their current employer continues to offer the voucher scheme, but no newcomers will be accepted.  

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