Introduction to Autumn 2018

The Enterprise Management Incentives (EMI) scheme is a tax-advantaged share option scheme that can work particularly well for smaller companies. It has had an unexpectedly chequered history this year, hitting the headlines in April when it ran into problems obtaining continued authorisation from the EU. A period of uncertainty followed, when it was unclear whether EMI options were eligible for tax relief. Read more

An eventful year for EMI

It’s been an eventful year for Enterprise Management Incentives (EMI). EMI made headlines in April, when HMRC revealed problems obtaining continued EU state aid approval. After some uncertainty, it was announced that EMI continues unchanged – and new research underlines the importance of the scheme. Read more

Landfill brings new tax risk

Landfill Tax may not seem one to watch for every business: but key developments since 1 April 2018 mean waste disposal at unauthorised waste sites may now be taxable and any business allowing taxable waste to be disposed of at an unauthorised waste site is potentially in scope. These new rules come on top of the responsibilities which every business already has as a waste producer. Read more

Café in hot water

Getting the classification right for the supply of goods or services is always important when it comes to VAT. Food retailing is one area where the boundaries between standard and zero rated items can give rise to difficulty. For example, is takeaway food supplied by a business ‘hot’? A lot can hinge on getting the answer right, as a recent tax tribunal case shows. Read more

Furnished Holiday Lets a smart move?

Times have been getting tougher for landlords in the buy to let market. One major factor here has been the restriction in the allowability of finance costs for tax purposes being phased in between 2017/18 and 2020/21. But there are always options in the world of business, and one potential option for the buy to let investor is to diversify into the market for furnished holiday lettings (FHLs). Read more

Housing wealth – Inheritance Tax

It will come as no surprise to have confirmation that it’s predominantly the older household that owns the UK’s housing wealth. International property experts, Savills, believe that 75% of the UK’s homeowner equity is held by the over 50s. Read more

Tax tips for the farming business

With the end of the EU Common Agricultural Policy in the UK imminent, the farming business has big change on the horizon. It is therefore a good time to review where you want your business to be in the future, and how you are going to get there. Read more