Making Tax Digital for VAT (MTDfV)

Making Tax Digital for VAT (MTDfV)

HMRC has published further information on Making Tax Digital for VAT (MTDfV). The VAT notice sets out some further details of the MTDfV regime, which will ultimately require taxpayers to move to a fully digital tax system. Under the rules, businesses with a taxable...
EMI options may not qualify for tax relief

EMI options may not qualify for tax relief

The Enterprise Management Incentive (EMI) allows selected employees (often key to the employer) to be given the opportunity to acquire a significant number of shares in their employer through the issue of options. An EMI can offer significant tax advantages as the...
Changing priorities at HMRC

Changing priorities at HMRC

Over the coming years, the government plans to phase in its landmark Making Tax Digital (MTD). This initiative, will see taxpayers move to a fully digital tax system. There are however changing priorities at HMRC and they have shared a statement about how they are...
Income tax changes from 6 April 2018

Income tax changes from 6 April 2018

Income tax changes from 6 April 2018 The personal allowance for 2018/19 is £11,850. However, some individuals do not benefit from the full personal allowance. There is a reduction in the personal allowance for those with ‘adjusted net income’ over £100,000, which is...
Welsh Land Transaction Tax introduced

Welsh Land Transaction Tax introduced

The Welsh Land Transaction Tax introduced (LTT) was introduced from 1 April 2018 and will replace Stamp Duty Land Tax (SDLT). LTT will be collected by the Welsh Revenue Authority (WRA). HMRC has published guidance on the introduction of the new tax and the way in...