New HMRC Offshore Penalties are Coming

New HMRC Offshore Penalties are Coming

Requirement to Correct: Out of Mind but not Out of Sight HMRC is gearing up for a seriously new hard penalty regime that comes in to force from 1st October 2018. It will impact anyone who has not by then, told HMRC they owe UK tax up to 5th April 2017 relating to...
Considering an EMI Share Scheme? It’s Back on Track

Considering an EMI Share Scheme? It’s Back on Track

UK business is “very relieved” – EMI Share Schemes are back on track! Have you been thinking of granting Enterprise Management Incentives to your key people? Between 6 April and 16 May the EU approval process for State Aid lapsed and the UK Government was held...
Changes to Personal Tax in the 2018 Budget

Changes to Personal Tax in the 2018 Budget

The personal allowance The personal allowance for 2018/19 is £11,850. The marriage allowance The marriage allowance permits certain couples, where neither pays tax at more than the basic rate, to transfer 10% of their unused personal allowance to their spouse or civil...
Employer Provided Cars? Strap in For Some Changes

Employer Provided Cars? Strap in For Some Changes

More Lane Swapping Coming in 2018 The scale of charges for working out the taxable benefit for an employee who has use of an employer provided car are now announced well in advance. Most cars are taxed by reference to bands of CO2 emissions multiplied by the original...