Are you still tax efficient? Your tax strategy will only stay robust if you keep it up to date. This is especially true if your personal circumstances change or if you fall into a different income tax bracket or start a new business.
Employee share schemes allow you to give some (or all) of your employees a stake in your business. Employee share schemes a great way to show your appreciation for your team’s hard work, and give staff a vested interest in your success.
The UK Government has launched a cryptoasset tax consultation to modify the tax treatment of cryptoassets used in decentralised finance (DeFi) lending and staking transactions.
Now that Airbnb and HMRC are sharing data on landlords’ payments and Airbnb earnings, HMRC will be able to use its powers to open up enquiries if it believes hosts haven’t been meeting their tax obligations.
Many employees incur expenses in undertaking their job. However, the rules that govern tax relief for work-related expenses are notoriously strict.
The Renters Reform Bill was introduced to Parliament on 17 May 2023. Part of the Renters Reform Bill proposes a new database with details of landlords and their properties let under residential tenancies.
Under the new CGT and divorce rules, couples that divorce or dissolve a civil partnership will have up to three years after the tax year from when they stop living together to make a ‘no gain, no loss’ disposal for CGT purposes.
The fuel benefit charge is a separate tax charge that applies where the employer meets the cost of fuel for private motoring in a company car.
ATED is an annual tax, mainly paid by companies that own UK residential property worth over £500,000. Here’s everything you need to know about Annual Tax on Enveloped Dwellings.
Employees must be given their P60 for 2022/23 by 31 May 2023. They must also be notified of any payrolled benefits by 1 June 2023. Forms P11D and P11D(b) for 2022/23 must be filed by 6 July 2023.
The world of business is ever-changing, and in order to succeed, you need to be able to adapt to changes. What should all successful small businesses do?
Where a donation is made under Gift Aid, the donation is treated as if it is made net of basic rate of tax. The charity is able to claim back 25p for every £1 donated – the equivalent of the basic rate of tax of 20% on the gross donation.
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