One category of employee that has specifically not been mentioned in the Government’s announcements is the company director/shareholder who is paid a salary and dividends and various bodies are pushing for more clarification on these individuals.
When undertaking inheritance tax planning thoughts will often turn to the gifting of assets to younger generations. When making gifts of (most non-cash) assets there are usually two principal tax considerations.
In our useful business advisory guide, we have provided practical tips and advice along with an overview of some of the areas you should be considering to help protect your business.
Download our latest guidance on protecting your personal and family finances.
On the 26 March, the Chancellor announced further measures for the self-employed to help cope with the financial impact of Coronavirus, called the Coronavirus Self-employment Income Support Scheme.
Our latest summary on self-assessment payments and the updates from HMRC.
Following the Chancellors’ Covid-19 update last week and other government announcements, read how the UK government will be supporting businesses during the Coronavirus pandemic in relation to VAT.
Download our summary of the recent announcements by the Chancellor of the Exchequer to support UK industry meet the considerable challenges posed by Covid-19
After the Government’s announcement on Friday 20 March that all bars, pubs and restaurants must close, there is hope that this will be a short-term shock for the Hospitality sector.
As Boris Johnson placed the UK on a three-week ‘lockdown’, and the Foreign Commonwealth Office (FCO) advised UK nationals who are travelling abroad to return home immediately if possible, HMRC’s earlier clarity over ‘exceptional circumstances’ is welcomed, but still leaves some questions.