Tax exempt ways to treat your employees this Christmas
Gifts which qualify as trivial benefits Seasonal gifts may include a Christmas hamper, a bottle of wine, a spa voucher, or tickets to various events of the employee’s choice such as arts or sports venues. If a gift meets the following conditions, it should qualify as a trivial benefit: Both employer and employee are exempt […]
Taking climate action: Electric Vehicles Salary Sacrifice Scheme
This is why we expect there to be a rise in the number of EV salary sacrifice schemes introduced by employers over the next few years, which make leasing EVs much more affordable for employees with no upfront costs. How does it work? An EV salary sacrifice scheme lets an employee pay for an electric […]
Capital Gains Tax (CGT) return on UK residential property disposal – deadline extension
This will apply to UK residential property disposals completed on or after 27 October 2021. Disposals before that date still need to meet the 30-day requirement. In the case of mixed-use property disposed of by a UK resident, the 60-day reporting and payment window only applies to the residential element of the gain. The deadline […]
Valuable tax relief through the Enterprise Investment Scheme
As the tax reliefs are so generous, there are strict rules for both the company and individual, some of which are as follows: Individual Company A company can apply to HMRC for advance assurance so there is certainty for investors that it qualifies for EIS/SEIS. It is strongly recommended that advance assurance is authorised before […]
