Spring Budget 2020 – Biggest spending spree for 28 years
“As we deal with coronavirus, this is a Budget that provides security today but it is also a plan for prosperity tomorrow.” Chancellor, Rishi Sunak. “Getting it done” is the soundbite Chancellor Rishi Sunak clearly wanted us to take away from his debut Budget speech, but
HMRC’s approach to taxing cryptocurrencies
Since the launch of Bitcoin in 2009, cryptocurrencies have grown steadily into the public consciousness, and the taxman’s too. Once the realm of geeks and hackers, cryptocurrencies are becoming more mainstream…
Employer issues with auto-enrolment
Back in 2012, less than half of private-sector employees in the UK had a pension scheme. Today, that figure is 85% and this huge increase is due to the successful rollout of auto-enrolment. It started with the largest companies and now applies…
Tax implications of providing company cars
Does it pay off to provide low or zero-emission cars? Offering a company car as a benefit can be a valuable and attractive perk to any valued employee. Unfortunately, it is not necessarily a tax-free perk and it may be liable for PAYE because HMRC considers the...