EMI Scheme Most share option schemes, with an eye to tax benefits, use the Enterprise Management Incentive (EMI) scheme. For qualifying arrangements, there are tax incentives for the employer and employee. The point to emphasise with EMI arrangements is that they can only be made by employers with their employees. Unapproved option scheme Unapproved share…
Read more
Sharing income with your family
The UK tax system does not allow families to spread the impact of taxation where there is one significant income earner providing for other family members. For example, if one parent was earning £100,000, they will be paying income tax at 40% rates on almost £50,000 of their income when their partner and teenage children…
Read more
On-line rip-offs exposed
In a recent press release the Competition and Marketing Authority issued details of a poll of over 2,000 UK adults. According to the results of the poll: 7 out of 10 had experienced misleading online practices 85% believed businesses using them were being dishonest with their customers And 83% were less likely to buy from…
Read more
Challenging your council tax band
Apparently, February is the month that many homeowners take issue with their council tax banding in the hope and expectation that it will result in lower – not higher – council tax bills 2022-23. Anticipating this, the Valuation Office, who oversee these reviews, have issued guidance. In their opening to a news story published 4…
Read more