HMRC

Not the Usual Suspects!

Not the Usual Suspects!

Many in business will trade through the medium of a limited company and the directors will generally be remunerated by the payment of dividends or salary. The former are taxed on the recipient and must be paid out of profits subject to corporation tax, while the latter are subject to National Insurance contributions (NICs) as

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Going to the OpRA!

Going to the OpRA!

There are instances where choosing to take a benefit-inkind rather than salary may not produce a reduction in tax or National Insurance contributions for employee or employer. Remuneration comes in many guises, usually as salaries, bonuses or benefits-in-kind, all being subject to tax and National Insurance contributions (NICs) unless the payment or benefit is specifically

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Employment-Related Securities Sorting the Wheat from the Chaff

Employment-Related Securities: Sorting the Wheat from the Chaff

My long association with the ITEPA 2003, Pt 7 Employment Related Securities (ERS) legislation leads me to conclude that confusion stalks the land. Or put less dramatically, the rules are often confusing and contain some quite major inherent contradictions.   Land of Confusion For example, the CGT definition of ‘market value’ was imported (by ITEPA

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