Film investments and crippling tax bills
So called 'Tax Avoidance Schemes' and 'Premier League footballers' have once again made press headlines following reports that 129 top level players are facing enormous tax bills due to their investments in film schemes in the early 2000’s. But is the demonising fair?
Enterprise Management Incentives – what are they, and what are their advantages?
The EMI scheme legislation was introduced to help smaller, often start-up, companies to attract and retain high value employees. Employees may be granted an option to acquire shares in the company worth up to £250,000; at a point in the future or following a predetermined event.
Making Tax Digital for VAT – are you ready?
HMRC has published legislation and a draft public notice outlining its plans for the digitisation of VAT accounting with effect from 1 April 2019. All VAT registered businesses should start to prepare now for the changes to the way they will need to keep their accounting records.
UK real estate taxation: what are the proposed changes?
In broad terms, the changes will mean that gains made after April 2019 by non-residents of commercial properties, or the shares of the companies that hold such real estate, will be liable to UK tax. Gains made after April 2020 by companies will be subject to UK Corporation Tax.
Stamp Duty Land Tax revisited (for the third time!)
If you thought tax was supposed to be getting simpler think again. From 1 April 2018 (and unfortunately this is no joke) SDLT will be abolished in Wales and replaced with land transaction tax (LTT) or 'Deddf Tref Trafodia dau Tir' as it is known locally.
Cars – advisory fuel rates for company cars 2018/19
Advisory rates only apply where employers reimburse employees for business travel in a company car or require employees to repay the cost of fuel used for private travel in a company car.
Car fuel benefit 2018/19 and 2017/18
Car, van and fuel benefits 2018/19.
Minimum wage 2018/19 and 2017/18
Minimum wage rates for 2018/19 and 2017/18.
Land Transaction Tax
Land Transaction Tax.
Tax card 2018/19
For a run down of the latest tax rates for 2018/19, download our handy tax card. If you would like a hard copy version sent to you, please contact us at firstname.lastname@example.org.