Businesses have so much to think about and with such scant concrete information about what may happen in the instance of a no deal Brexit on 31 October 2019, there continues to be uncertainty. Whilst parliament has ruled out a…
From 6 April 2020, the way that businesses engage with individuals who provide their services through a personal service company will change. If affected, you will need to review your position and we can help guide you through this process.…
PKF Francis Clark are delighted to sponsor the Western Morning News Annual Business Guide 2019. To view this year's guide, please click below
As anyone who follows the news will be aware food waste and plastic packaging waste are ‘big issues’ following increased public awareness and [consequent?] government attention including various consultations on ‘tax’ and other legislative measures. What may not be as…
Following on from my recent blog on the benefits of offering employees low emission electric cars, the Government has just announced plans to accelerate (excuse the pun) the take up of electric vehicles. The change means that for 2020/21 there…
On Friday 5 July 2019 the OTS released the second report in relation to its inheritance tax (IHT) review: ‘Simplifying the design of inheritance tax’. The report, which spans 103 pages, focuses on 11 recommendations: Replacing the gift exemptions and…
The EMI rules are now well established and popular; the most recent data is that 11,700 companies currently have awards of EMI options over the company’s shares in place as a staff reward. The key purpose of an EMI option…
The Government has now published the Finance Bill 2019-20 which contains the draft reforms for the off-payroll legislation, commonly known as IR35. The reforms to the public sector were introduced in April 2017 and extended to the private sector in…
Under a salary sacrifice the employee gives up an amount of salary in return for an employer provided benefit. Tax and NIC savings result from the benefit being exempt from, or incurring, a lower tax and NIC charge than the…
Ahead of a significant overhaul to the company car benefit in kind charges from April 2020, PKF Francis Clark has been trialling a new electric car salary sacrifice scheme. By taking advantage of the reduced 2% benefit in kind rate…
