The GDPR is just around the corner – are you prepared?

Important changes to the legislation governing data protection in the UK will be introduced on 25 May 2018 – when the upcoming General Data Protection Regulation (GDPR) will come into force, affecting businesses and individuals alike in a variety of ways.

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Do you offer an EMI scheme? These are the new rules you need to know about

EU State Aid approval for the Enterprise Management Incentives (EMI) scheme expired on 6 April 2018, meaning any share options received after this date may not be eligible for tax reliefs.

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Dividend Allowance cut could cost you £1,143

For a while, company directors have been able to make a tax-efficient living by taking a combination of salary and dividends due to the generous Dividend Allowance.

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Workplace pension contributions more than double

The percentage of salary employers and employees must contribute to a workplace pension has increased from 6 April 2018.

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1.3 million SMEs hoping to branch out internationally to boost growth

An annual survey suggests that some 1.3 million UK-based small and medium-sized enterprises (SMEs) intend to branch out overseas this year in a bid to expand their horizons and fuel their growth plans.

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OTS calls for overhaul of ‘complex’ tax charges and reliefs

An overhaul of “the complex patchwork” of tax charges and reliefs affecting businesses throughout various stages of the business lifecycle is urgently required in order to stimulate growth among small and medium-sized enterprises (SMEs), the Office of Tax Simplification (OTS) has said.

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270,000 late penalty notices cancelled by the Revenue

A response to a freedom of information request has revealed that HM Revenue & Customs (HMRC) cancelled 270,000 late penalty notices in 2016.

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 The Glazers Blog

The Glazers Blog is updated daily, with the latest news items covering business, financial and tax topics.

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