The benefits of Employee Ownership Trusts

Introduced in 2014, Employee Ownership Trusts (EOTs) provide an attractive alternative to traditional business succession strategies, offering a series of unique benefits to businesses, their employees, and the wider economy. Employee engagement and productivity One of the most immediate benefits of EOTs is their positive impact on employee engagement and productivity. As beneficiaries of the…

£56 million overpaid in pension tax

In the second quarter of 2023, overpayments on pension tax in the UK reached £56 million. This was an increase of nearly £8 million from the first quarter of the year, according to HM Revenue & Customs (HMRC). This figure is almost double the £33.7 million collected in the same period the previous year. During…

New R&D supplementary information form in effect

As of 8 August 2023, all Research and Development (R&D) Tax Credit claims require the submission of an online Additional Information Form (AIF) providing supplementary project details. The form must be completed prior to the submission of the company tax return. If the form is not submitted, the R&D claim will not be incorporated into…