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Voluntary National Insurance contributions could be reformed

Voluntary National Insurance contributions could be reformed

The government is considering changes to the voluntary National Insurance contributions (NICs) system following a call for evidence published earlier this year. Voluntary NICs allow individuals to fill gaps in their National Insurance record where they have not built...
Share scheme returns – penalties are now being issued

Share scheme returns – penalties are now being issued

Employers operating employee share schemes may now be receiving penalties from HMRC for failing to submit their employment related securities (ERS) end of year returns on time. ERS schemes are used to provide employees with shares, options and other securities as...
Need proof of UK tax residence?

Need proof of UK tax residence?

HMRC has updated its guidance on how individuals and organisations can apply for a certificate of residence or letter of confirmation to prove UK tax residence. A certificate of residence can be used to claim tax relief in another country where UK residents pay tax on...
Corporation Tax when you sell business assets

Corporation Tax when you sell business assets

A limited company usually pays Corporation Tax on the profit, known as a chargeable gain, when it sells or otherwise disposes of a business asset. Business assets can include land and property, equipment & machinery and shares. The rules also apply to most...
Could better workplace health reduce staff losses?

Could better workplace health reduce staff losses?

When an employee develops a health problem, the consequences can extend far beyond a few days of absence. The Government published an update to its Keep Britain Working programme on 23 September, setting out plans for what it describes as Britain’s first...