Tax exempt ways to treat your employees this Christmas
As the Christmas period approaches employers may want to reward their employees’ hard efforts through gifts and entertainment such as Christmas parties. If structured properly, these rewards can be exempt from tax. Gifts which qualify as trivial benefits Seasonal gifts may include a Christmas hamper, a bottle of wine, a spa voucher, or tickets to […]
Taking climate action: Electric Vehicles Salary Sacrifice Scheme
Climate change is a hot topic and is likely to become the most important issue of the 21st century. Electric Vehicles (EVs) are at the forefront of most de-carbonisation strategies. Currently, EVs are prohibitively expensive for all but the wealthiest individuals. This is why we expect there to be a rise in the number of […]
Capital Gains Tax (CGT) return on UK residential property disposal – deadline extension
As announced in the Autumn Budget 2021, UK residents (individuals, trustees and personal representatives) disposing of UK residential property resulting in a CGT liability will have 60 days from completion to deliver a CGT return and make a payment on account, extending the deadline from 30 days. This will apply to UK residential property disposals […]
Valuable tax relief through the Enterprise Investment Scheme
The Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) offer valuable tax relief for individuals subscribing for shares in new companies: Income tax relief – 30% tax relief on the amount invested for EIS and 50% for SEIS. Capital Gains Tax (CGT) exemption – The sale of shares is exempt from CGT. CGT […]
