With the prospect of higher tax rates on capital gains is now the time to sell your business? Are there alternative ways to benefit from the current low capital gains tax rates?
The Chancellor has introduced a series of measures focused in some key areas that havebeen hard hit due to Covid-19.In what the Chancellor referred to as ‘Phase 2’ of the Government’s response, Rishi Sunakannounced a… Read More
The annual cycle for submitting Employment Related Security (ERS) Returns closes on 6 July 2020. The report, to be filed electronically with HMRC, should detail: – The acquisition by officer or employees of securities (including… Read More
This year, Take Your Dog to Work Day falls on 26 June. Over recent years I have noticed more and more employers allowing staff to bring their dogs to work on this and in some… Read More
Did you miss out on a Government Grant for Small Businesses and a grant for the Retail, Hotel and Leisure industries? If so, did you know that the Government have made further funds available and… Read More
Corporate employer tax reporting of share, option and loan note transactions by 6 July 2020 Note: as at 4 May 2020 no HMRC announcement of any Covid-deferral of the filing deadlinePosted 2020 by Chris Davies
UK tax resident companies have an annual obligation to e-report to HMRC all awards of shares, share options and loan notes (in fact any “securities”) to employees and directors. There are very few exceptions. HMRC… Read More
We’re delighted that the Treasury is urgently looking at ways to help business owners who pay themselves via dividend income, according to their own Twitter account this morning where they say they are ‘looking at… Read More