The last couple of Budgets have made more tax changes to the financial plans of individuals than we have seen for many years. Those changes concerning personal pensions and dividends are the most important and for some people action should be taken before 6 April 2016.
Research & Development Tax Relief is a Revenue supported initiative designed to ensure UK businesses remain competitive in the Global economy. With 230% tax deductions available on qualifying R&D spend, this is an opportunity not to be missed.
Interest in employee ownership is thriving, with more and more businesses in the UK becoming employee owned. Employee owned businesses (EOBs) are wholly or significantly owned by their employees, either directly or indirectly.
Following the announcement at the Summer Budget, some further details are emerging about the changes to how dividends will be taxed with effect from 6 April 2016. Although there will be some winners from this change, individuals with significant dividend income will pay more income tax.
The summer budget saw yet further announcements on proposed reforms and so called simplification to pension schemes. At first glance the changes may seem rather unexciting but they do throw up some valuable opportunities that you may be able to benefit from.
Get our summary of the most important recent VAT changes and cases from our national VAT team.
Read the presentations from a variety of experts who spoke at the recent event exploring how the European Commission, OECD and UN are shaping the future of international tax policy.
In the last few months, there have been important tax changes affecting the purchase, ownership and disposal of properties held by non-UK resident individuals, how residency is determined and the treatment of foreign income.
Do you know the composition of your workforce and its annual cost? Are the non-employed worker arrangements tax efficient? Would it be more effective, efficient and present fewer tax risks engaging some of the non-employees as employed workers? Are the non-employed worker arrangements compliant with employment law?
Does your business offer a salary sacrifice arrangement for the provision of benefits and how comfortable are you that it is effective for employment tax purposes?