News & Press

What are Enterprise Management Incentive schemes (EMIs)? An Enterprise Management Incentive scheme (EMI) is a government-approved, tax-advantaged employee share scheme, designed to help small to medium-sized businesses attract and retain...

In the autumn budget in October last year, the government announced fresh changes to the UK tax system, making good on their campaign promises to cut income tax rates and increase the personal allowance. The new legislation means millions of...

Under your employment contract, there may come a time where you as an employee may be entitled to certain benefits from your employer. This could take the form of a childcare voucher. In these circumstances, there are tax benefits for you as...

The following article will shed some light on how property income is assessed in the UK and the various reliefs/deductions that you are entitled to as a landlord. In the UK, the method of assessment on any rental income received is on an...

Generally, if you are a UK resident, you have two methods of assessment that can apply when it comes to your foreign income. The first would be to be assessed on the arising basis which means you are assessed in the UK on your worldwide...

No one likes the idea of dealing with a HMRC inspection or investigation. Whilst HMRC use the more ‘customer friendly’ term “check”, it comes down to the same process. HMRC want to review and check all or parts of your tax records to ensure...

Now that May 31st 2016 has come and gone, if you are an employee of a company, your employer would (and most definitely) should have given you a piece of paper which detailed exactly how much you were paid in the last financial year (if not,...

The UK tax system can be complex and there are many pitfalls, particularly for individuals who don’t take regular advice or perhaps prepare their own return. Often individuals make mistakes without intending or realising they have done so....

Over the last few years, tax issues in this area have become more and more complex. It is now more important than ever to have a basic understanding about your tax status and how it affects your position. What is a Personal Service Company? A...

Each of which will help reduce your overall capital gains tax liability. One of the reliefs that business owners can claim for is Entrepreneurs' Relief. This relief is given on the qualifying profits of a business disposal as long as you...

June 8th 2017 has now come and gone and we are all now recovering in the aftermath of the latest general election. During the build up to this election, there were a large number of policies from all parties that attracted attention, but...

Capital Gains Tax (often abbreviated to CGT) is payable on the disposal of any chargeable asset which gives rise to a chargeable gain. This is broadly calculated by taking your disposal proceeds and subtracting from this the acquisition price...