Contact us 01733 568321

News and Blog

EMI share options await EU state approval

EU State Aid approval for the Enterprise Management Incentive (EMI) scheme, expired on 6 April 2018. While the consensus is that it will be reinstated at some stage, businesses can not currently use the EMI scheme to issue share options to employees. Often used by smaller companies, EMI… read more

Corporation Tax Loss Relief changes kick in

When Corporation Tax Loss Relief changes came into force in April 2017, it wasn’t with a massive fanfare. However, as we now start to deal with accounting periods where the impacts can be felt, we are increasingly being asked by clients what this will mean to them. What… read more

Employment Expenses: General Rules

Do you incur expenses whilst working that your employer doesn’t reimburse? Then you may be able to claim tax relief, there are a number of different types of expenses you can claim for: Flat Rate Expenses If it costs you money to maintain, repair or replace work equipment and… read more

HMRC delay Making Tax Digital

Towards the end of last week, HMRC confirmed the new timeline for Making Tax Digital (MTD). Following the snap general election in June 2017, clauses relating to MTD were dropped from the Finance Bill 2017, leaving both accountants and businesses uncertain as to when, and even if, MTD… read more

How does the VAT Flat Rate Scheme impact on consultants?

At Rawlinsons, we are already starting to see the impact that the Flat Rate VAT scheme changes are having on businesses, particularly consultants. Changes to the scheme, which came into effect on 1st April 2017, will impact businesses defined as ‘limited cost traders’ (see below), who will have… read more

2017 Spring Budget

Philip Hammond’s first Budget speech as Chancellor was a relatively low key affair, with only a few standout announcements. One of these was the increase in Class 4 National Insurance contributions (NIC’s) for the self-employed. This increase follows the previously announced abolition of the outdated Class 2 NIC’s,… read more