NEWS

New “Requirement to Correct” Rules to Affect All Taxpayers

  Starting from the 30 September 2018, the new “Requirement to Correct” (RTC) rules come into place, requiring taxpayers to make a disclosure of unpaid tax on assets, income and activities in other countries and transfers from the UK to other countries. HMRC is encouraging individual taxpayers to make sure […]

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Enterprise Investment Scheme

Created in 1994, The Enterprise Investment Scheme (EIS) is a group of tax reliefs that succeeded the Business Expansion Scheme. It was created as an incentive to have investments in small unquoted companies carrying on a qualifying trade in the UK. The scheme is extremely popular, with £14.2 billion invested […]

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Exchange Rates

SEIS

Overview The Seed Enterprise Investment Scheme (SEIS) is designed to aid small, early-stage companies to raise equity finance by offering tax reliefs to investors that purchase new share in the companies. It works with the existing Enterprise Investment Scheme (EIS) that offers tax reliefs to investors in higher-risk small companies. […]

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SEIS

R&D Tax Credits Explained

Research and development (R&D) tax credits reward UK companies for investing in innovation. They are incredibly valuable as a government tax relief. Companies that are eligible for this are ones that spend money on processes or services, enhancing existing services, or ones that spend money developing new projects. They are […]

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Money

Buying UK Property

Are You a Trader or an Investor? Firstly, it is important to look at whether you are a property trader or investor. Buying a property to make improvements to it in order to add value and sell on for a profit makes you a trader. If this is true then […]

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House

Corporation Tax Rates Reducing

Who is likely to be affected Companies and unincorporated associations which pay Corporation Tax (CT). General description of the measure The measure reduces the CT main rate to 17% for the Financial Year beginning 1 April 2020. This is an additional 1% cut on top of the previously announced CT […]

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Business

EMI Share Option Schemes

Enterprise Management Incentives (EMIs) If the company that you work with has assets of £30 million or less, then it may be able to offer Enterprise Management Incentives (EMIs). You can purchase shares of up to £250,000 without paying any Income Tax or National Insurance on the difference between what […]

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Tax