Monthly Archives: July 2016

Help-To-Save consultation launched

July 20th, 2016

HMRC have launched a consultation on the government’s proposed ‘Help-to-Save’ scheme, which is designed to encourage people on low incomes to build up their savings. Broadly, the scheme will be open to some 3.5 million adults in receipt of universal credit with minimum weekly household earnings equivalent to 16 hours at the National Living Wage, […]


FRS 102 guidance on directors’ loans revised

July 8th, 2016

HMRC have recently updated their online toolkit on directors’ loan accounts to help tax advisers and agents preparing 2015/16 company tax returns. The update reflects the changes to reporting requirements under UK GAAP, as taxing debt will now be largely driven by FRS 102 requirements for financial instruments. If an entity makes loans to/from directors/employees […]


Trivial benefits

July 1st, 2016

Employers will be aware that various changes have been made to the reporting requirements for employee benefits and expenses from April 2016, which mean that some employers will no longer have to complete annual return forms P11D. The three main changes are: – The dispensations regime has been replaced with an expenses exemption – broadly, […]


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