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60-second interview: Nicholas Hughes

Frequent and complex changes to the tax system make life difficult for both adviser and client, Nicholas Hughes tells PCA

10 August 2014

What are your clients talking to you about at the moment and does anything concern you?

The statutory residence test and the tax issues for non-UK owners of UK residential property seem to be recurring topics presently. The frequency of major tax changes and the ever-increasing complexity of the tax system are making life difficult for the tax adviser and the client. This leads to uncertainty and hinders long-term tax planning. This cannot be in anyone’s interests.

What key trends are you following?

I could not claim to be systematically following any key trends, as such, but it is interesting to see how quickly attitudes to tax planning are changing. The days of mass-marketed schemes and aggressive, but legitimate, tax avoidance seem to be well and truly over. Newspapers now readily report about...

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