Don’t forget that employers can now choose to tax benefits in kind through the payroll. more »
We have covered MTD for income tax payers who don’t fall below a £10,000 threshold. But what of corporate taxpayers and VAT. more »
Once MTD is in place, HMRC claims that the annual tax return will go, but businesses more »
You may have seen from the press that HMRC are in the midst of ‘making tax digital,’ more »
Commencing 6 April 2017, income tax relief for interest payments & finance costs will be restricted to more »
Higher Earners and Child Benefit
If your income is over £50,000 and you or your partner are in receipt of child benefit then you will need to pay more »
You may have seen from the press that HMRC are in the midst of ‘making tax digital,’ a project designed to make them one of the most digitally advanced tax authorities in the world.
This is a massive project and not all of the detail is available at present, but what is clear is that it will result in a number of significant changes for businesses and how they keep their records.
It is important to recognise that this is not just about tax. more »
Philip Hammond delivered his first Autumn Statement today.
Other than changes to the future timing of the annual Budget, the content was not very inspiring..at one point the only tax measure was the introduction of 100% first year allowances for expenditure on electric charge point equipment !
Thankfully there was a little more to follow..here is our initial summary of the main tax announcements: more »
The chancellor, Philip Hammond, will deliver his first Autumn Statement on Wednesday this week, despite many calls for this to be scrapped in favour of one annual budget statement in March.
As always there is much speculation about what might be included more »
The enterprise management incentive scheme ‘ EMI’ allows your employees to participate in the future capital growth of your business, without the upfront income tax charge applied when shares are gifted or bought for less than current market value.
If structured correctly EMI can offer an effective way to retain and incentivise key staff. more »