Salaried members of LLPs

Salaried members of LLPs

The salaried members rules are an anti-avoidance measure designed to prevent limited liability partnerships (LLPs) from disguising remuneration paid to members as profit share instead of employment income.  If the rules are triggered, the member’s earnings...
Childcare costs – don’t miss out!

Childcare costs – don’t miss out!

Many working families will now be arranging childcare for the school summer holidays and the start and end of the school day from September. The Government’s tax-free childcare scheme could provide up to £2,000 a year per child, or £4,000 if the child is...
Small employers’ relief

Small employers’ relief

Small employers can usually recover 100% of most of the statutory payments they make to employees plus compensation from HMRC.  If your business qualifies for small employers’ relief you can claim 103% of almost all statutory payments made to employees until...
Guidance for non-doms

Guidance for non-doms

With effect from 6.4.25 the preferential tax treatment enjoyed by UK resident individuals whose permanent home is outside the UK (‘non-doms’) has been withdrawn.  Before this date, non-doms could benefit from the remittance basis of taxation for up to...