Chancellor Jeremy Hunt announced the Autumn Statement 2023, following the significant Spring Budget earlier in the year. This crucial financial update outlines the UK government’s plans for spending and taxation, impacting both the business sector and individuals significantly. Table of Contents Spring Budget 2023 Recap The Spring Budget, presented on 15th March 2023, laid […]
Read moreUnless you live under a rock, you’ve likely heard about the UK government’s crackdown on IR35. The tax legislation was initially established in 1999, and its focus is to stop tax avoidance by individuals (contractors) who serve their clients via intermediaries like private limited companies. Also referred to as ‘disguised employees,’ these individuals act, look […]
Read moreIf you are selling a property in the UK that isn’t your primary residence, you will normally be required to pay Capital Gains Tax (CGT) on any financial gains you make from the sale. Capital gains tax on residential property may be 18% or 28% of the gain, not the total sale price. HMRC provides […]
Read moreEmployee Share Schemes can be essential in keeping your workforce happy and motivated whilst enhancing their overall performance, a critical factor to the growth and success of your business. This article explores the intricate landscape of Employee Share Schemes, including the types of schemes available, the key benefits of each, and the potential tax benefits […]
Read moreKnow your essential dates with our tax calendars for business filings. Stay informed and organised to meet your tax duties on time and never miss a crucial deadline. Important Business Tax Dates Navigating the complex world of tax compliance is a critical task for any business. With so many dates to remember, it can be […]
Read moreWith many diverse car buying and lending options available, all offering differing tax implications, obtaining a company car can feel like a daunting task. When considering investing in a company vehicle, it’s essential to understand your options to help you to make the best financial decision. We’ve put together your complete guide to the different […]
Read moreDivorce or separation can be an emotionally trying time, and navigating the financial aspects of such a life-changing event can often feel overwhelming. Among the many considerations, the capital gains tax (CGT) implications for transferring assets between separating or divorcing couples have long been a source of complexity and uncertainty. Previously, no CGT was imposed […]
Read moreWith an increase in the popularity of owning holiday-related property, understanding the tax laws surrounding furnished holiday lets (FHLs) in the UK is more important than ever. Read on to find out more about the rules surrounding furnished holiday lets and the tax implications and benefits. In the UK, Her Majesty’s Revenue and Customs (HMRC) […]
Read moreThe HM Revenue and Customs (HMRC) has several mandatory forms. As an employer in the UK, understanding all these forms and how each works can be challenging, especially if you haven’t been an employer for long. Among these forms are the P11D and P11D(b), forms related to additional employee benefits besides their salaries. While it’s […]
Read moreWhen an employer compensates an employee, it is only sometimes a purely financial package. Employment perks enjoyed by the employee in addition to salary are known as Benefits in Kind. This indicates that the benefits have a monetary value that serves as part of the employee’s pay but is not necessarily taxed as income. In […]
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