Good News for EMI
The EU have signed off on ‘State Aid’ rules which mean that it should be possible to start granting EMI share options again shortly. It is believed HMRC will announce an exact date soon. EMI …
Changes to Tax Benefits and Expenses Rules – Reminder
From April 2016 the rules on reporting of expenses and benefits are due to be reformed. Previously, expenses reimbursed to employees that were wholly, exclusively and necessarily incurred by the employee in the performance of …
£600k Tax Free Payment – But There’s a Catch
A City trader recently won a case at the First-Tier Tribunal confirming that a payment of £600,000 from his former employers could be treated as tax free. The catch comes in the fact that the …
Private Expenditure and The Importance of Keeping Records
A recent tribunal case (D White v HMRC) again highlighted the importance of keeping accurate records for tax purposes, this time in a case involving private expenditure on a company credit card. The Director used …
HMRC Consultation on Unapproved Employee Share Schemes
A consultation is currently in progress relating to proposed changes to the rules on unapproved employee share schemes and employment-related securities. The changes proposed could be quite radical and therefore advisors who deal with such …