HMRC has, for many years, sought to ensure that the rewards gained from employment are properly subject to income tax and NICs deducted by employers through the pay as you earn (PAYE) system. The disguised remuneration legislation, found in ITEPA 2003 Part 7A, was a warning to employers and promoters of…

Employee-owned companies can provide a strong foundation for business growth and success. The continued increase in their use as an alternative business structure and to provide succession planning for owners is here to stay…

We are busy working with a wide range of businesses to deliver their employee ownership strategy, whether that involves becoming an employee owned entity and utilising the tax reliefs…

After over a month of uncertainty following the expiry of EU state aid approval for EMI schemes, the European Commission has announced it will not to raise objections to the prolongation of the EMI regime…

The U.K.’s belated announcement that EU state aid approval for an important employee benefit scheme would expire within days blindsided taxpayers and should serve as a cautionary tale…

The enterprise management incentive (EMI) regime was introduced by FA 2000 as a way of helping smaller entrepreneurial businesses recruit and retain the best talent. As the tax benefits afforded by EMI are only available to companies with certain qualifying…

In what was the final decider between HMRC and Rangers in their long-running litigation, the Supreme Court awarded victory to HMRC by upholding the Court of Session’s decision to treat loans made from employee benet trusts (EBTs) as taxable earnings…

HMRC has been on the offensive for many years to ensure that all rewards from employment are properly taxed within the income tax and NICs regimes. This year’s Finance Bill makes further changes…