Category: Articles

Keep staff motivated – without passing on the burden of extra tax How do you keep employees incentivised and rewarded – without also burdening them with extra tax liabilities for benefits like parties, transport and gifts? Signing up for a PAYE Settlement Agreement (or PSA) helps employers retain responsibility for liabilities arising from certain benefits…

The Making Tax Digital (MTD) initiative is part of HMRC’s plan to become ‘a world leading digital tax authority’. But what does it mean for you and your business? HMRC wants to transform the UK tax system to make it more effective, efficient and easier for taxpayers to get their tax right. Making Tax Digital…

Are you a UK employer with staff visiting  the UK on business trips from overseas offices within your group? UK organisations that have employees from overseas group companies coming to the UK for work purposes need to ensure that they are compliant with UK tax rules. Strictly, UK income tax and National Insurance should be…

More than just a reward for loyalty. A share in the company’s future. Any good employer wants to attract, retain and motivate the best staff – and what better way to do that than by making them equity holders in the success of the company itself? An Enterprise Management Incentive (EMI) offers a way to…

Do you know what’s on the table? Uncertainty is rarely favourable. Yet did you know it could lead to an advantageous tax relief? If you’re a UK company carrying out a project surrounded by uncertainty regarding scientific or technological matters, an R&D tax break could be just what you need. When talking tax reliefs, it’s…

What to do when your organisation is failing or threatening to fail?

Important for business – and even more important to get right Your business may already have a Partial Exemption Special Method (PESM) in place. But could you recover VAT even more efficiently and beneficially? And could now be the time to review your position, to reflect the way your business works today – and in…

Shares and securities reporting is complex, not least due to the wide variety of circumstances that are deemed to be chargeable or reportable. So what are the rules regarding the registration, event reporting and online filing of Employment Related Securities returns with HMRC? Annual reporting of Employment Related Securities Income tax and National Insurance Contributions…

Make sure you’re home and dry when it comes to residential property tax. Any company which owns residential properties could be affected by what could be considered as a form of mansion tax – also known as UK Annual Tax on Enveloped Dwellings (ATED). This annual charge came into effect in 2013 and subsequent changes…

Expenses and benefits can be more expensive than you think. Staying on top of expenses and benefits can be a big headache for a business. All the more so if they get out of hand and management suddenly gets landed with unexpectedly high bills for unpaid tax and NI contributions, perhaps stretching back years. Two…

Now you can tax company benefits manually through PAYE – discover the advantages of taxing benefits in kind yourself including avoiding  hidden tax bills and overpaying. Since April 2016, the government has allowed companies to voluntarily tax their employees’ benefits in kind. So instead of HMRC assessing company benefits via employee PAYE tax codes, employers…

Large businesses trading in the UK are now required to comply with three new regulations affecting their tax planning and strategy. These measures affect the reporting of all UK taxation matters, including VAT and PAYE. Affected businesses may be required to appoint a Senior Accounting Officer (SAO) who is ultimately responsible for establishing and maintaining…