After a period of some uncertainty, HMRC has confirmed that the Enterprise Management Incentive (EMI) regime remains unchanged, and recent research has served to underline the importance of the scheme. What is an EMI? An EMI scheme is an approved employee share scheme which allows employers to offer share options to key employees as a … Continue reading Considering Enterprise Management Incentives
Making Tax Digital for VAT began on 1st April 2019. Most VAT registered businesses are affected and must keep digital records and file their VAT returns using HMRC-recognised software. For those businesses which have a quarterly VAT period starting on April 1st, the first deadline for filing VAT returns under MTD will be 7th August … Continue reading Making Tax Digital: Deadline for Direct Debit Payments
With the value of homes continuing to increase over the past decade, and with the majority of housing wealth now being owned by older households, inheritance tax (IHT) continues to be an issue for many, despite the introduction of the residence nil-rate band (RNRB). Recent figures have revealed that IHT receipts reached a record high … Continue reading Inheritance Tax: Is Your Estate Covered?
A substantial increase in probate fees was planned for April 2019 but is still making its way through Parliament, due to the pressure of other business. Here, we take a look at the probate process and consider how the rise in fees could impact you. What is probate? Probate is the process of handling a … Continue reading Considering the Changes to Probate Fees
Can discretionary bonuses paid to employees become contractual? In the case of Bluestones Medical Recruitment Ltd V Swinnerton, the Employment Appeals Tribunal (EAT) held just that. The claimant had worked for Bluestone in several different roles, eventually as a General Manager. In his earlier roles, his contract referred to him receiving a discretionary bonus. However, … Continue reading Tribunals Case Highlights Need to Be Wary over Employee Bonuses
The South Wales Argus has covered our upcoming Donor Recruitment Event. Cwmbran-based accountancy firm, Green & Co, is hosting its own drop-in session to encourage people to register as blood stem cell donors in response to a local campaign, Marrow for Marley. Marley, aged six, was diagnosed with a rare life-threatening condition called Severe Aplastic … Continue reading Accountancy Firm to Host ‘Marrow for Marley’ Drop-In Session
Haulage contractors and other vehicle operators are being urged to review the employment status of their drivers, following a recent update of the statutory guidance from the Traffic Commissioner. The Commissioner’s update states that it is considered rare for a driver to be genuinely self-employed, unless the individual owns the vehicle they are driving. Even … Continue reading Are Your Drivers Really Self-Employed?
According to a recent case in the High Court, directors can be held personally liable for breaches of an individual’s employment contract. In the case of Antuzis V DJ Houghton, the claimants were employed by Houghton for long hours being paid less than the statutory minimum wage. They were frequently not being paid the amounts … Continue reading Can Directors Be Personally Liable for Breaches of Employment Contracts?
Meet Marley. Marley is a 6 year old local lad, who on the 23rd July 2018 got diagnosed with a rare life threatening serious condition called Severve Aplastic Anaemia (SAA). Aplastic Anaemia is a condition which basically means that your bone marrow doesn’t work properly and it doesn’t produce enough blood cells that your body … Continue reading DKMS Registration Event – 9 July 2019
For those submitting P11Ds, 6 July 2019 will mark the deadline for reporting relevant benefits and expenses provided in 2018/19. It is important to ensure that any mileage payments made to directors and employees are within the HMRC approved rates if you want to avoid a benefit in kind. For business travel in an employee’s … Continue reading Employment Benefits: Mileage Payments