Tax avoidance schemes

How to recognise and avoid tax avoidance schemes

Everyone needs to pay their tax, but no one wants to pay more tax than they should. However, entering into a tax avoidance scheme to try to save money can prove to be more expensive than just paying the tax you owe. Find out how to recognise a tax avoidance scheme and what you can do to save money on your tax…
Spring Budget 2017

Spring Budget Summary 2017

The Chancellor Philip Hammond presented his first (and last) Spring Budget on Wednesday 8 March 2017. But what does it all mean and how will it affect you? Our Budget Summary focuses on the tax issues likely to affect you, your family and your business…
sugar tax

Tax and Canning Sugary Drinks

According to an article by the Financial Times, Coca-Cola will not be taking legal action following the UK Government’s proposed ‪#‎SugarTax‬ in 2018. Instead, going forward they are keen to work in collaboration with the government with the aim to help combat childhood obesity in the UK. Sol Daurella, who is the chairman of Coca-Cola European Partners, mentioned to the Financial Times an introduction of alternative drinks, that are lower in sugar,…

2 years to go until Small Business Digital Tax Deadline

On 29th March, research by ICAEW showed that 75% of businesses in the UK weren’t doing their bookkeeping online through accounting software. In 2 years time, as of April 2018, all small businesses will have to comply with the Government’s Making Digital proposals. When these are enforced all digital record keeping will be mandatory and 4 returns will have to be sent across to HMRC every year. By 2020 the…

iUpgrade with New Mobile Phone Allowance

The team at Grass Roots, who are behind the UK’s cycle-to-work employee benefit scheme ‘Cyclescheme’, introduced another scheme to their dynamic portfolio in January 2016. Say hello to ‘Phonescheme’. This new employee benefit is a salary sacrifice scheme that allows employees to choose from a range of unlocked smartphones and save up to 42% on Income Tax and National Insurance. The employer pays for the phone and then over a 12-month…