Our expert team is sourced from a range of professional backgrounds

Meet The Team

Chartered Tax Advisers: The Gold Standard

Shipleys Tax is a tax driven practice lead by fully fledged members of the The Chartered Institute of Taxation (Chartered Tax Advisers). This is considered the gold standard which stands over and above others within the tax profession.

Practice partners

The partners work alongside their talented team of tax and accountancy professionals. Together they hold over 45 years worth of high level tax planning, audit and accountancy expertise and have trained with Big 4 accountancy firms KPMG and Ernst & Young.

  • Co-founder and head of Tax Planning.
  • Over 15 years in tax planning HNWIs and Trusts.
  • Gained CTA status with prestigious accountancy firm KMPG and reached senior Tax Planning manager.
  • Previously held key positions at top firms: Ernst & Young and PKF.

Shabeer is passionate about providing down-to-earth, practical tax solutions in answer to even the most complex of problems; he always ensures that through Shipleys’ services that the end client receives true value for money.

Email: info@shipleystax.com
Telephone: 0114 275 6292

  • Co-founder and Head of Tax and VAT.
  • 14 years experience in tax planning and consulting for OMBs, multinational companies.
  • Formerly served as senior technical consultant with Croner Consulting.
  • Qualified CTA with prestigious accountancy firm Ernst & Young specialising in corporate tax.
  • Previously worked within top ten firm Baker Tilly and Gordons as a tax manager.

Expertise: GPs/Dentists and Pharmacies, corporate and international tax, loan relationships, company reconstructions and group planning, IR35, VAT and Charities.

Having worked with and advised other professionals Abdul believes there is no substitute for solid, clear advice for those seeking a robust tax planning and accountancy service.

Email: info@shipleystax.com
Telephone: 0114 275 6292

  • Head of Accounts and audit assistance.
  • Over 11 years’ high level experience in Audit and Accounts.
  • Trained and qualified with Ernst & Young as a Senior Assurance Consultant before working at other accountancy practices within the top ten UK firms.
  • Significant experience in Auditing large PLC companies and dealing with FDs & FCs of FTSE 100 companies.
  • Management experience of auditing and accounting SMEs, Legal and Medical Profession, Charities and Not-for-Profit Organisations.

Expertise: Auditing and Accounts preparation for Solicitors, Dentists and GP surgeries, VAT, Charities, Grant funding, Business Planning.

Masood steadfastly believes that the key to managing a successful client relationship is to provide each client with a highly personalised level of service, as well as being proactive in his approach to each tax planning problem. At Shipleys we pride ourselves on being able to provide both as standard.

Email: mk@shipleystax.com
Telephone: 0114 275 6292

  • Over 30 years tax experience across a plethora of tax areas.
  • After qualifying in tax Ken moved to a top 30 tax firm in London as corporation tax manager dealing with quoted group of companies.
  • Company reconstructions; MBOs; purchase of own shares; acquisitions/sales and due diligence work.
  • Tax planning strategies involving employee trusts (EBTs, E-Furbs); SDLT mitigation; income tax/capital gains tax/IHT sheltering; profit extraction; company capital gains mitigation and briefing tax counsel on proposed strategies.
  • Recognised expertise on employment-related shares including HMRC-approved EMI options; unapproved share schemes and technical issues and employment status enquiries.
  • Extensive experience of contentious technical disputes with HMRC, with successful outcomes on many issues.

Email: ken@shipleystax.com
Telephone: 0114 275 6292

  • Over 28 years experience in taxation.
  • ICAEW Tax and the Finance & Management Faculties member; member of the Council of the Chartered Institute of Taxation.
  • Formerly a Senior Manager at KPMG and latterly at RSM Robson Rhodes.
  • Lecturer in tax for branch meetings of the Chartered Institute of Taxation and Sheffield Hallam University on property taxation.

Email: chris@shipleystax.com
Telephone: 0114 275 6292

  • Extensive background in litigation and regulatory compliance. Babul deals with dispute resolution, business issues, contracts, property and employment related legal issues.
  • Settling cases of high value (up to £1 million).
  • Trustee of Yorkshire Water Community Trust since 2010.
  • Recent Trustee of 1 million pounds trust
  • Trained mediator.

Email: bob@shipleystax.com
Telephone: 0114 275 6292

  • As an ex-Inspector of Taxes and former Ernst & Young manager, Sean has spent more than 20 years working on both sides of the tax industry, at one time leading HMRC investigations and at others defending clients against them.
  • Sean is a highly-regarded tax consultant and tax accountant who specialises in Tax Investigations and Tax Risk Management.
  • During his career he has helped minimise the tax liabilities of private individuals and small and medium-sized (SME) business through to FTSE 100 and Blue Chip companies.
  • This experience has left us uniquely qualified in being able to provide tax advice and resolve tax problems in a way which can withstand the intense scrutiny of HMRC.
  • This is because we have first-hand knowledge of HRMC operating procedures, giving us an invaluable insight in how best to advise clients on the complex tactics and strategies HMRC employs.

Email: sean@shipleystax.com
Telephone: 0114 275 6292

Ian has over 20 years experience within the VAT world. His first 8 years experience were gained with Customs & Excise, working as a VAT inspector throughout the Yorkshire and Humberside region and acting as a trainer throughout the North. Ian’s past 12 years have been spent working for a variety of VAT service providers, including two ‘big 4’ and one ‘top 10’ accountancy practices, a large regional accountancy practice and a VAT service boutique. From entering private practice as an Assistant Manager Ian achieved promotion to Director leading a team of consultants.

Email: ian@shipleystax.com
Telephone: 0114 275 6292

Testimonials

Company news

Private Residence Relief – tax relief on selling your home

Meet The Team Shipleys Tax Advisors

Where a property has at some point been the owner’s only or main residence, any gain relating to the final period of ownership is exempt from capital gains tax. Prior to 6 April 2020, the final period is set at 18 months, subject to a period of 36 months where the person making the disposal is a long-term resident of a care home or is disabled.

However, for disposal on or after 6 April 2020, the final period exemption is halved from 18 to nine months. However, it remains at 36 months for disposal by long-term care home residents and disabled persons. 

If you are planning to dispose of a property which has not been your only or main residence throughout the whole period that you have owned it, speak to your professional advisers to ascertain how the timing of the disposal can impact on the capital gains tax payable.

Lettings relief 

Lettings relief is a valuable relief that applies on the disposal of a property which has been let out and which has at some point been the owner’s only or main residence.

Under the current rules lettings relief applies to shelter part of the gain arising on the sale of a property which has been let out as residential accommodation and which at some time was the owner’s only or main residence. The amount of the lettings relief is the lowest of the following three amounts:

 • the amount of private residence relief available on the disposal;

 • £40,000; and 

 • the gain attributable to the letting.

However, from 6 April 2020, the availability of lettings relief is to be seriously restricted. From that date, lettings relief is only available where at some point the owner of the property lets out part of their main residence as residential accommodation and shares occupation of that residence with an individual who has no interest in the residence.

Where the gain would otherwise be chargeable to capital gains tax because it relates to the part of the main residence which is let out as residential accommodation, it is only chargeable to capital gains tax to the extent that it exceeds the lower of:

 • the amount of the gain sheltered by private residence relief; and

 • £40,000.

If the property is let but the landlord does not live in the property with the tenant, lettings relief will not be available for disposals on or after 6 April 2020.

Lettings relief can shelter up to £40,000 of gains. Where a disposal of a property that would currently attract the relief is on the cards, it may be beneficial to dispose of the property prior to 6 April 2020. Speak to your professional adviser to ascertain the impact that the disposal date has on the available reliefs and the capital gains tax, if any, that will be payable.

Residential property gains

Although no capital gains tax will arise on the disposal of a property which has been the owner’s only or main residence throughout the period of ownership, a liability may arise on the disposal of a residential property which is or has at some point been a second home or which has been let.

Prior to 6 April 2020, where capital gains tax is payable on a gain arising on the disposal of a residential property, the gain is notified to HMRC on the self-assessment return and the tax is payable by 31 January after the end of the tax year in which the disposal took place. 

However, from 6 April 2020, taxpayers will be required to make a payment on account of the capital gains tax liability arising on the disposal of a residential property. The taxpayer will also be required to make a return to HMRC giving notice of the disposal. The return must be delivered to HMRC within 30 days of the date of completion of the disposal. Payment of any associated tax must be made within the same window.

Capital gains tax on chargeable residential property gains is payable at higher capital gains tax rates of 18% and 28%.

If you are planning on disposing of a second home or buy-to-let property on or after 6 April 2020, speak to us about how the new return and payment rules will affect you.

Company Car Tax Reliefs

Meet The Team Shipleys Tax Advisors
Porsche’s first ever electric car – the Taycan.

Car enthusiasts would not have unnoticed the unveiling of a stunning car recently: the Porsche Taycan Turbo. And it’s an all electric beauty.

Convenient then, to look at the current tax advantages of buying an electric vehicle (the Porsche starting at a relatively modest £83,367).

So how does the company car tax rules work? In a nutshell, the lower the Co2 emissions the lower the tax “benefit” percentage, and, there are some upcoming attractive tax reliefs for all electric company cars.

For 2019/20 the appropriate percentage for cars with Co2 emissions of 50g/km or less is 16%, while the appropriate percentage for cars with CO2 emissions of 51-75g/km increases to 19%. The appropriate percentage is set at 22% for cars with emissions in the 76-94g/km band and at 23% for cars within the 95-99g/km band. Thereafter, the charge increases by 1% for each 5g/km rise in CO2 emissions until the maximum charge of 37% is reached for cars with CO2 emissions of 265g/km and above. 

The diesel supplement remains at 4% for 2019/20 and applies to cars with emissions not certified to Real Driving Emissions 2 (RDE2) standards or which do not meet the Euro standard 6d (subject to not exceeding the maximum charge of 37%).

Meet The Team Shipleys Tax Advisors

For 2019/20 the fuel multiplier is set at £24,100.

Looking ahead to 2020/21, the charge for electric and hybrid cars is to be reduced. From 6 April 2020, the appropriate percentage for zero emission cars falls to 2% and the appropriate percentage applying to cars in the 1-50g/km band will depend on the level of the car’s CO2 emissions as shown in the table below.

By choosing an electric or hybrid company car, it is possible to significantly reduce the associated tax bill from 2020/21 onwards.

Speak to us about the tax  implications of your company car and how to make a tax-efficient choice telephone 0114 275 6292 or email info@shipleystax.com.

Spotlight on tax avoidance using offshore trusts

Meet The Team Shipleys Tax Advisors

Following the decision of the First-tier Tribunal in two cases which involved the use of tax avoidance schemes and disguised remuneration arrangements to avoid tax and National Insurance, HMRC have published a spotlight which draws attention to why these arrangements do not work. In each case HMRC were successful. The Tribunal found that the disguised remuneration arrangements that were being promoted were notifiable under the Disclosure of Tax Avoidance Schemes (DOTAS) legislation. 

The spotlight (Spotlight 52) is available on the Gov.UK website at www.gov.uk/guidance/disclousure-of-tax-avoidance-schemes-tax-avoidance-using-offshore-trusts-spotlight-52.

If you need help with this, or have been approached by anyone promoting offshore tax avoidance schemes, contact us for an authoritative review on info@shipleystax.com or telephone 0114 275 6292.

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  • info@shipleystax.com
  • 0114 275 6292
  • Wharf House, Victoria Quays,
    Wharf Street Sheffield,
    S2 5SY

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