Author Archives: myersclark

Philip Hammond announced that he will deliver his 2018 Autumn Budget on Monday 29th October 2018, and currently it is shaping up to be unlike anything we have seen before. This

Businesses that buy goods from the EU or export goods to the EU would be advised to read the recent guidance from HMRC that is published under the title, “VAT for businesses if there is no Brexit deal”.

Workers in the gig economy could soon have income tax deducted from their earnings if the government accepts the recommendations of their independent tax advisers. The proposal will require those employed in gig economy platforms such as Uber and Deliveroo to have tax deducted from their earnings and have this transferred to HMRC, with the online platform operating a system equivalent to that of PAYE.

In the first three months of 2018, The Pensions Regulator issued 35,662 enforcement notices against employers in breach of auto-enrolment rules. This is due to employers trying to encourage staff to opt out of the auto-enrolment pensions system in an attempt to cut costs.

Relevant work experience has become an essential part of gaining a graduate job after achieving a degree. Internships allow students to explore a profession that is of interest to them, and allows them to gain valuable and practical experience to add to their CVs. Further to this, it increases the graduate’s chances of getting a job as the employer will already be familiar with them.

April 5th marked the end of the 2017/2018 tax year, and Directors may now be feeling the squeeze of not being able to use their £5,000 tax-free dividend allowance.

Between 6 April 2018 and 15 May 2018 (“the lapse period”), the EMI Option Scheme lost its EU State Aid approval. Although re-approval has now been granted, the position on options granted and exercised in between these dates has yet to be confirmed.

If so, the basis on which you are taxed in the UK has significantly changed, but there is a window of opportunity to arrange your affairs more efficiently….

Saving for retirement should be a priority for everyone. More than half of the UK population are either not saving at all for their retirement, or they are not saving enough to give them the standard of living they would like when they retire. However, for those of you who have put the process to one side, saving is lot easier than you may first think.