Join Nick Wright and Emma Chamberlain for an expert discussion on wealth taxes in the UK. Emma, a barrister and visiting professor at Oxford and the LSE, was a commissioner for the 2020 Wealth Tax Commission.

This episode explores why the Commission ultimately recommended against annual wealth taxes, the challenges of implementing a one-off wealth tax, and how the UK's approach to taxing capital compares internationally. They discuss the need for comprehensive reform of capital taxes (CGT, IHT, council tax) rather than piecemeal changes, and why political consensus is essential for sustainable tax policy.

Key insights include:

Key topics include:

-Intro

-Origins of the Wealth Tax Commission

-Historical Attempts and Lessons Learned Exploring Denis Healey’s 1970s wealth tax plans and why early efforts failed.

-The Covid Context and Public Perception

-Defining a Wealth Tax

-Annual vs One-Off Wealth Taxes

-Broader Tax Reform & Capital Taxes Discussion

-The Need for Systemic Reform Challenges

-Fairness and Tax Equity

-Public Perception, Avoidance & Final Reflections

Essential listening for understanding current debates about wealth taxation and capital tax reform in the UK.

🔗 Resources mentioned:

Wealth Tax Commission website: https://www.ukwealth.tax/

Upcoming LSE event with Emma Chamberlain: 1st December: https://www.pumptax.com/events/emma-chamberlain-speaking-at-lse-on-the-wealth-tax-commission-5-years-on/

How can SMEs stay ahead?

Warren Mead, CEO of Sumer, shares insights and strategic foresight on 'The Tax Hour'.

Join Nick Wright, Head of Corporate Tax, and Warren Mead, CEO of Sumer, for an insightful conversation on:

• How SMEs can accelerate growth and build resilience in today’s economic climate

• Why having the right tax strategy and advice is critical for long-term success

If you have any questions or need further information, please get in touch. At Jerroms Miller Specialist Tax we offer a wide range of specialist tax advice for all business tax scenarios.

We are excited to invite you to the next episode of The Tax Hour Podcast.

In this episode, Nick Wright, Head of Corporate Tax and Host of ‘The Tax Hour’ is joined by Sharon Cooke, Technical Director at 2020 Innovation. In this episode Sharon and Nick reflect on the announcements that came out of Legislation Day 2025.

On 21 July 2025, the government unveiled draft tax legislation and HMRC launched its new Transformation Roadmap. In this episode, Our Host and Head of Corporate Tax, Nick Wright is joined by 2020 Innovation’s Technical Director, Sharon Cooke to break down the biggest announcements from changes to inheritance tax reliefs and the rollout of Making Tax Digital, to HMRC’s push to become a digital-first tax authority by 2030. Tune in for the key headlines and what they mean for taxpayers, businesses, and advisers.

If you have any questions or need further information, please get in touch. At Jerroms Miller Specialist Tax we offer a wide range of specialist tax advice for all business tax scenarios.

In this episode, Nick Wright, Head of Corporate Tax and Host of ‘The Tax Hour’ is joined by Michael Sherry, Tax Counsel at Temple Tax Chambers. In this episode Michael and Nick discuss Anti-Avoidance rules within the tax system and consider recent HMRC Spotlights.

Anti-Avoidance refers to the framework of rules and principles designed to counteract tax arrangements that, while technically legal, are structured primarily to achieve a tax benefit in a way that undermines the intent of tax legislation. These measures, which include both General Anti-Avoidance Rules (GAAR) and Targeted Anti-Avoidance Rules (TAAR), empower tax authorities to disregard or re-characterise transactions that lack genuine commercial substance and are carried out primarily to avoid tax. The objective is to maintain the integrity and fairness of the tax system by preventing abusive practices that exploit legislative gaps or ambiguities.

If you have any questions or need further information, please get in touch. At Jerroms Miller Specialist Tax we offer a wide range of specialist tax advice for all business tax scenarios.

In this episode, Nick Wright, Head of Corporate Tax and Host of ‘The Tax Hour’ is joined by Michael Sherry, Tax Counsel at Temple Tax Chambers. In this episode Michael and Nick discuss Anti-Avoidance rules within the tax system and consider recent HMRC Spotlights.

Anti-Avoidance refers to the framework of rules and principles designed to counteract tax arrangements that, while technically legal, are structured primarily to achieve a tax benefit in a way that undermines the intent of tax legislation. These measures, which include both General Anti-Avoidance Rules (GAAR) and Targeted Anti-Avoidance Rules (TAAR), empower tax authorities to disregard or re-characterise transactions that lack genuine commercial substance and are carried out primarily to avoid tax. The objective is to maintain the integrity and fairness of the tax system by preventing abusive practices that exploit legislative gaps or ambiguities.

If you have any questions or need further information, please get in touch. At Jerroms Miller Specialist Tax we offer a wide range of specialist tax advice for all business tax scenarios.

In this episode, Nick Wright, Head of Corporate Tax and Host of ‘The Tax Hour’ is joined by Douglas Roberts WS, Solicitor and Partner of TLT LLP, who has had involvement in over 60 sales to an EOT and now has over 25 years experience within the industry.

An Employee Ownership Trust (EOT) is a legal structure established by a company’s owners to hold a controlling interest in the business for the benefit of all employees. Introduced under the UK Finance Act 2014, the EOT model is designed to facilitate employee ownership, support long-term business continuity, and provide a tax-efficient succession route for business owners. In this episode, Nick and Douglas dive into Employee Ownership Trusts (EOTs), discussing the practical considerations of selling a business to an EOT. They also cover the latest tax requirements and compliance obligations, as well as offering real-world insights from their own experience in practice.

If you have any questions or need further information, please get in touch. At Jerroms Miller Specialist Tax we offer a wide range of specialist tax advice for all business tax scenarios.

Nick Wright, Head of Corporate Tax and Host of ‘The Tax Hour’ is joined by Emma Rawson, a prominent figure in the UK tax and finance sector, currently serving as the Director of Public Policy at the Association of Taxation Technicians (ATT). Emma shares her expertise in MTD with Host, Nick Wright.

Making Tax Digital (MTD) is transforming the way businesses and individuals manage their taxes. It’s a government-led initiative designed to modernise the UK tax system by moving away from paperwork and encouraging the use of digital tools for record-keeping and submissions. Initially focused on VAT-registered businesses, MTD is now expanding to include income tax and, eventually, corporation tax.

If you have any questions or need further information, please get in touch. At Jerroms Miller Specialist Tax we offer a wide range of specialist tax advice for all business tax scenarios.

This episode is Part 2 of a two-part special, offering an in-depth look into the 'Osmond and Allen' case and exploring the complexities of Transactions in Securities.

Nick Wright, Host of The Tax Hour Podcast & Head of Corporate Tax at Jerroms Miller Specialist Tax, welcomes Ray McCann, Consultant, past president of CIOT & and previous assistant director of HMRC, along with Pete Miller, Technical Director at Jerroms Miller Specialist Tax. With a combined 90 years of experience, they provide unparalleled insights into the Transactions in Securities legislation.

In this episode, we examine the First-tier Tribunal's significant decision in Osmond & Allen v HMRC [2024] UKFTT 378 (TC), a case that highlights the rigorous application of the Transactions in Securities (TiS) anti-avoidance rules. The discussion focuses on the taxpayers’ investment in Xercise Ltd through the Enterprise Investment Scheme (EIS) and the subsequent share buybacks that prompted HMRC’s intervention.

We analyse the Tribunal’s interpretation of the “main purpose” test, its conclusion that the transactions were primarily motivated by a desire to obtain a tax advantage, and the resulting validation of HMRC’s counteraction notices. The episode also addresses the contested limitation period for HMRC assessments and the Tribunal’s view on the six-year window under section 698(5) of the Income Tax Act 2007. Finally, we consider the broader implications for tax planning and the practical lessons this case offers to investors, advisers, and tax professionals.

We hope you can join us for this informative session.

If you have any questions or need further information, please get in touch. At Jerroms Miller Specialist Tax we offer a wide range of specialist tax advice for all business tax scenarios.

A special two-part episode, offering an in-depth look into the 'Osmond and Allen' case and exploring the complexities of Transactions in Securities.

Nick Wright, Host of The Tax Hour Podcast & Director at Jerroms Miller Specialist Tax, welcomes Ray McCann, Consultant, past president of CIOT & and previous assistant director of HMRC, along with Pete Miller, Head of Corporate Tax at Jerroms Miller Specialist Tax. With a combined 90 years of experience, they provide unparalleled insights into the Transactions in Securities legislation.

In the first episode, they explore the evolution of Transactions in Securities legislation, examining modern interpretations and some of the most seminal tax cases of recent decades. They also examine the role of tribunals in ensuring transparency and compliance.

If you have any questions or need further information, please get in touch. We offer a wide range of specialist tax advice for all business tax scenarios.

In this insightful episode, Jerroms Miller Specialist Tax Director and our host, Nick Wright is joined by Michael Sherry, a leading expert from Temple Tax Chambers. They dive deep into the complex world of employment-related securities. Unpacking key tax implications, recent developments, and practical advice for both employers and employees navigating these unique financial instruments.

Michael provides invaluable guidance on structuring and managing employment-related securities, from tax planning to compliance, and offers a clear understanding of how these securities impact both personal and corporate financial strategies.

Tune in to gain expert insights into this often-overlooked area of employment law and tax.

If you have any questions or need further information, please get in touch. At Jerroms Miller Specialist Tax we offer a wide range of specialist tax advice for all business tax scenarios.