Salary sacrifice - Unlocking tax and NIC savings
Below, we explore the benefits for employees and employers of salary sacrifice and the areas employers need to consider ahead of implementing a salary sacrifice arrangement.
Corporate tax insights
Insights
Corporate tax insights
Analysis and updates to help you navigate corporate taxation with ease.
National Minimum Wage & Living Wage: A new era
A new era for National Minimum Wage and National Living Wage.
2024/25 Tax Rates: UK Updates
Welcome to our detailed guide on the 2024/25 tax rates in the United Kingdom. This article provides the latest information on various tax rates and allowances, crucial for both individuals and business owners effective financial planning. Understanding these rates is essential in navigating the complexities of the UK tax system. Let's delve into the specifics of the 2024/25 tax rates!
Pension Salary Sacrifice for you & your employees
In today’s landscape many social housing organisations are looking at ways to optimise operations, drive financial efficiency and increase employee satisfaction.
VAT on private school fees - risks & opportunities
As part of its 2024 election manifesto, Labour has committed to the removal of several tax exemptions from private schools resulting in additional VAT costs and compliance obligations.
VAT for a healthy supply chain
The pandemic demonstrated beyond any reasonable doubt that the life sciences, pharma and healthcare sectors play a critical role in society. Developing, testing and manufacturing vaccines was key to beating Covid-19.
Spring Budget 2023 – life sciences sector
Clearly, Jeremy Hunt was wanting to champion the importance of the life sciences sector to the UK’s economy. It was probably singled out more times in his speech than any other sector and a few of the reforms announced today go some way to address criticism around the competitiveness of the UK corporation tax system for this sector, particularly in advance of the rise of the headline rate to 25% from...
Collaborative arrangements and tax
Why companies within the Pharmaceutical and Life Sciences sector need to be aware of the tax implications before entering into collaborative arrangements.
New working normal impacts pharma life sector
The tax implications arising from the paradigm shift to remote working and virtual collaboration this past year in the pharmaceutical and life science sector are complex on different levels.
International R&D tax incentives
Bringing new drugs to market is risky, lengthy, complex, and costly, so pharmaceutical companies are rationalising their major R&D centres worldwide to collaborate with partners. This is where international R&D tax incentives play their part.
Pharma R&D trends and accounting implications
Research and development is at the heart of the pharmaceutical industry and, more generally, the wider life sciences sector. The significance of R&D to the life sciences sector is clearly evidenced by the cumulative R&D expenditure.
Clicks to bricks
During the pandemic, retailers rushed to sell their products online, a move which saved many from going bust. Now, just a short time on from a worldwide health crisis, some retailers are heading the other way, realising they need a bricks-and-mortar presence if they are to remain in business.
Spring Budget 2023 – consumer sector
There was much in the Chancellor’s Budget to encourage individuals back into the workplace, be that retirees wanting to return to work, those with disabilities or childcare responsibilities, and potential apprentices. These measures should ultimately benefit the Consumer sector, both as a large source of employment and as a means to boost disposable income available for consumer spending by supporting...
Spring Budget 2023 – automotive sector
Whilst many of the measures announced during the Spring Budget will be welcomed by businesses across all sectors, those within the automotive sector may feel disappointed it stops short of including any real investment to support the strengthening of the UKs Electric Vehicle (“EV”) sector and charging infrastructure.
Beyond efficiency for the public sector
Based on survey data, the 'Beyond efficiency report' looks to understand Councils' approaches to financial sustainability and risk. The annual 'local government internal audit planning report' analyses common causes for issues being identified, and makes suggestions for areas internal auditors may want to include in their annual plan to gain assurance that the root causes are being addressed.
Time to take care in the care sector
In 2022, an estimated 18,000 adult social care organisations in England, were involved in providing or organising adult social care. Inevitably, there are issues to consider when looking at recruitment, reward, and retention for the estimated 1.635 million workforce [1].
Are you comfortable with your NMW compliance?
29/11/2022. Organisations who neglect to follow National Minimum Wage (NMW) compliance can be left liable to costly ramifications, both financially and reputationally.