Christmas parties and staff gifts – a tax guide With the festive period now approaching, we are often asked by employers about the tax treatment of providing a staff Christmas party or giving gifts to employees. Here is a quick reminder of the rules. STAFF...
The requirement to Correct: time is running out to disclose ‘Requirement to Correct (RTC)’ legislation requires UK taxpayers to ensure that all foreign income and assets, where there may be UK tax to pay, have been correctly declared to HMRC by 30 September 2018. HMRC...
UK set for weakest growth since 2009 The lack of progress on the UK’s trade and investment negotiations with the EU has led ICAEW to slash its 2018 GDP growth forecast for the UK from 1.7% to 1.3% It says that the economy is likely to experience its weakest growth...
Nicky Morgan calls to end “alpha-male culture” in financial services Nicky Morgan, chair of the Treasury Committee, has called on businesses to alter the way they award bonuses, as the current culture may be placing women at a disadvantage “In the current...
BEIS and HMRC are urging underpaid workers to complain about National Minimum Wage (NMW) and National Living Wage (NLW) underpayments. Recent figures show that the number of workers receiving the money they are owed has doubled. During 2017/18, HMRC investigators...
