News & Press

What are Enterprise Management Incentive schemes (EMIs)? An Enterprise Management Incentive scheme (EMI) is a government-approved, tax-advantaged employee share scheme, designed to help small to medium-sized businesses attract and retain...

Who is likely to need to submit a return? Most income that is earned in the UK is liable to income tax. However, if you are an employee without any other sources of income, the tax you owe will be collected by the PAYE system meaning that you...

Each of which will help reduce your overall capital gains tax liability. One of the reliefs that business owners can claim for is Entrepreneurs' Relief. This relief is given on the qualifying profits of a business disposal as long as you...

This private residence relief means that you will not have to pay any Capital Gains Tax on the disposal of your main home as long as you are able to satisfy the main two conditions. These two conditions are based on the assumption that you...

Upon purchasing (or transferring) a property/plot of land within the UK, there is a tax that is payable by the purchaser. This is commonly known as Stamp Duty, but the full name is Stamp Duty Land Tax (SDLT). The Stamp Duty is only payable on...

Tax Credits are payments from the UK Government. In the UK, there may be certain circumstances which mean that you are entitled to tax credits. There are two fundamental tax credits in the UK with the basics about tax credits being outlined...

When you work in the UK, you may have various sources of income ranging from salary and dividends to bank interest. There may however be some situations where you end up paying too much tax. When this does happen, you will want to reclaim...

Generally, if you are a UK resident, you have two methods of assessment that can apply when it comes to your foreign income. The first would be to be assessed on the arising basis which means you are assessed in the UK on your worldwide...

The Bank of England is being pushed to restrict the growth of house prices in the UK. Recent news reports suggest that the Bank of England should be more vigilant and use its powers more in a bid to limit the growth rates in house prices with...

Broadly speaking, IHT is charged on all assets that are given away if the person making the gift passes away within 7 years. There is however an IHT nil rate band of £325,000. This means the first £325,000 of disposals is not liable to the...

Under your employment contract, there may come a time where you as an employee may be entitled to certain benefits from your employer. This could take the form of a childcare voucher. In these circumstances, there are tax benefits for you as...

The following article will shed some light on how property income is assessed in the UK and the various reliefs/deductions that you are entitled to as a landlord. In the UK, the method of assessment on any rental income received is on an...