News
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 offshore interests.
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?
Making Tax Digital? What This Means for UK SMEs
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?
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 partner, reducing their tax bill by up to £237 a year in 2018/19.
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 list price of the vehicle. Currently there is a 3% diesel supplement. The maximum charge is capped at 37% of the list price of the car.
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