In the last few Tax Tuesday pieces we have looked at ways of incentivising employees by using different types of share scheme. This time, we look at another means of providing tax efficient remuneration to employees, called optional remuneration arrangements (OpRA)....
A number of the support packages set up by the government to help businesses and individuals through the pandemic are due to either come to an end or change. Many of the measures, including the Coronavirus Job Retention Scheme (commonly known as the furlough scheme),...
In the last Tax Tuesday piece, we looked at incentivising key staff members through the popular, cost-effective and tax-efficient Enterprise Management Incentive (EMI) scheme. While normally the first port of call when a typical owner managed business wishes to create...
The past year and half has been a tough time for most of us. This includes the UK’s army of employees, a large proportion of whom have had to adapt to new conditions such as being furloughed and/or working from home. Thankfully many businesses have weathered the storm...
Under Boris Johnson’s newly announced plan to boost health and social care funding, we can expect to pay an increase in our National Insurance contributions (NICs) and the rate of dividend tax by 1.25% from April 2022. The controversial move comes as a result of the...
Once again we look back at the announcements made in the March Budget 2021, in particular, the special rate capital allowance and super-deduction measures. (See our previous Tax Tuesday blog, Are you benefitting yet from the new super-deduction and special rate...
