News: Budget July 2015 "Rent a room" limit increased to £7,500 The current £4,250 limit for tax free rental income from lodgers is to be increased to £7,500 from 6 April 2016. The

News: Budget July 2015 Pension tax relief restricted for higher earners As mentioned in the Conservative party manifesto, tax relief for pension contributions is to be restricted for those with income in excess

News: June 2015 Emergency PAYE tax code to be applied to certain pension withdrawals The new flexible pension rules came into force from 6 April 2015 for those aged 55 or over with

News: June 2015 Further Budget on 8th July Following the Election result on 8 May, the Chancellor has announced that there will be a second Budget. We expect this to include a number

News: June 2015 HMRC don't yet have the power to raid taxpayers' bank accounts HMRC are seeking the power to recover unpaid tax over £1,000 from taxpayers' private bank accounts and legislation was

News: June 2015 Considering giving shares in your company to employees? More and more companies now give their employees the opportunity to acquire company shares. If correctly structured, this can be a very

News: June 2015 Enterprise Management Incentives (EMI) share option scheme The best employee share option scheme currently available is the EMI share option scheme. In order to take advantage of this, both the

News: June 2015 Corporation tax relief for employee shares A further tax advantage of allowing employees to acquire shares in the company is that the employing company may be entitled to a corporation

  Tax diary: All the main tax events for June / July 2015 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months

News: June 2015 Forms P11D due by 6 July As mentioned in the tax diary, the deadline for filing the 2014/15 returns of benefits and expenses paid to employees is 6 July 2015.