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Changes to the EMI share option notification deadline

Menzies

Menzies LLP - A leading chartered accountancy firm. Therefore, any EMI share options granted between 6 April 2024 and 5 April 2025 must electronically notify to HMRC by 6 July 2025. Therefore, any EMI share options granted between 6 April 2024 and 5 April 2025 must electronically notify to HMRC by 6 July 2025.

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Spring Budget 2024 – Property Sector Commentary

Menzies

Menzies LLP - A leading chartered accountancy firm. The regime will not be scrapped until April 2025 but it has been announced that anti-forestalling rules will be introduced to prevent unconditional contracts being used to secure certain tax benefits in the interim.

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What does the Manufacturing sector stand to gain from this Autumn Statement?

Menzies

Menzies LLP - A leading chartered accountancy firm. The Chancellor, Jeremy Hunt, has delivered his Autumn Statement to Parliament earlier, which includes 110 measures for growth across the board.

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Tax relief on energy efficient vehicles

Menzies

Menzies LLP - A leading chartered accountancy firm. This was due to end in April 2021 and will now come to an end in April 2025. The government has extended the availability of 100% first year allowances on the acquisition of cars, zero-emissions goods vehicles and equipment.

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Private Tutors and UK tax

Menzies

Menzies LLP - A leading chartered accountancy firm. The first reports made by the online platforms about their users must be submitted to HMRC before 31 January 2025. As such we expect HMRC will consider opening a targeted disclosure facility aimed at users of online platforms in the coming months.

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How will Alcohol Duty Reform affect the hospitality industry?

Menzies

Menzies LLP - A leading chartered accountancy firm. This provides a grace period of 18 months, until 1 February 2025, for producers and importers to adjust their practices accordingly and help minimise disruption to the wine industry. These businesses are allowed to use an ‘assumed strength’ of 12.5%

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HMRC and Online Platforms

Menzies

Menzies LLP - A leading chartered accountancy firm. In January 2023 we wrote about how HMRC had started to target taxpayers who they suspected may have an undisclosed income from their online trading.