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Tax on Employment Incentive and Award Schemes
Financial rewards will include bonuses, commission, employee stock options and paid time off. Non-financial incentives will include formal recognition/awards, vouchers, extra unpaid leave, gifts, company cars etc
Private Company Limited By Shares
If you are looking to start business and your business plan forecasts turnover more than £50,000 per annum, then its better to start with Company Limited By Shares
How to make a Complaint to HMRC
Contact HM Revenue and Customs (HMRC) as soon as possible to complain about their service, for example if there have been mistakes or unreasonable delays.
Lettings Relief – benefit from it while you can
If a disposal of a property currently qualifying for lettings relief is on the cards, it may be beneficial to sell before 6 April 2020 rather than afterwards.
SDLT and First Time Buyers
First-time buyers are able to benefit from Stamp Duty Land Tax (SDLT) relief when they buy their first home – but only if the property that they are buying does not cost more than £500,000.
Code of Practice 9 Investigations: Don’t Fall into The Pit of The Taxman
Although tax officials have extended powers to bring criminal proceedings, their initial enquiry is not with a view to prosecution. Their ultimate goal is to recover unpaid taxes.