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Tax-free gifts to employees

Some employers may wish to give small tax-free gifts to employees. As long as the employer meets the relevant conditions, no tax charge will arise on the employee. A tax exemption is available which s ...

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Leaving the EU with no deal

The government has published a collection of documents in preparation for the scenario of the UK leaving the EU without a Withdrawal Agreement a so called ‘no deal’ Brexit. The guidance states: ‘The g ...

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HMRC countdown: file your tax return

With less than 100 days until the self assessment tax return deadline of 31 January 2019, HMRC is urging taxpayers to complete their tax returns early in order to avoid the last minute rush. The deadl ...

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Budget 2018 Personal Tax

The personal allowance The personal allowance is currently £11,850. The personal allowance for 2019/20 will be £12,500. The marriage allowance The marriage allowance permits certain couples, where nei ...

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Budget 2018 Business Tax

Making Tax Digital for Business: VAT HMRC is phasing in its landmark Making Tax Digital (MTD) regime, which will ultimately require taxpayers to move to a fully digital tax system. Regulations have no ...

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Budget 2018 Employment Taxes

Off-payroll working in the private sector The changes to IR35 that came into effect in April 2017 for the public sector will be extended to the private sector from April 2020. Responsibility for opera ...

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Budget 2018 Capital Taxes

Capital gains tax (CGT) rates The current rates of CGT are 10%, to the extent that any income tax basic rate band is available, and 20% thereafter. Higher rates of 18% and 28% apply for certain gains; ...

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