Tax Blog - PD Tax Consultants

‘Tis the Season to Gift: Reducing Inheritance Tax on Financial Gifts

The holiday season is a time of giving, and what better way to express your love and generosity than by gifting financial presents to your loved one this Christmas. Gifting to children or grandchildren this Christmas could be a tax-efficient way to help them pay university tuition, pay off student loans or even get them […]

November 17, 2023

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EMI Share Schemes Explained

What is an EMI Share Scheme? An Enterprise Management Incentive (EMI) share scheme is a government-approved scheme, introduced in 2000, which allows growing companies to attract and/or retain talented employees in a tax efficient manner. Some of the key benefits of an EMI share scheme include: The concept of an EMI share scheme is that […]

October 27, 2023

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Tax Tips for Incorporating your Business

Thinking of incorporating your business? Firstly, what does incorporation mean? This is when you form a new company or when an existing business chooses to become a company. For example, an existing sole trader or LLP may instead wish to trade via a company and therefore choose to incorporate their existing business. Why would you […]

September 19, 2023

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Information Deadlines

At PD Tax Consultants, we recognise the approaching deadlines and believe it is essential to keep you informed. With that in mind, we have prepared a concise blog post to provide you with important updates on the upcoming deadlines. Failure to meet the deadlines, if applicable, may result in penalties and interest by HMRC. […]

June 19, 2023

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Setting Up a Company Overseas – The UK Tax Obligations

Welcome to our blog, where we delve into the intriguing topic of setting up a company overseas and explore the complexities surrounding the UK tax obligations. Lately, we have noticed an increasing number of enquiries from both individuals and companies seeking information on establishing a business overseas, whilst aiming to minimise their UK tax liabilities. […]

June 7, 2023

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Employment Related Securities Tax Return Deadline: 6 July 2023

The 06 July 2023 deadline for employers to file their annual Employment Related Securities (ERS) Returns is fast approaching. If you are an employer and you operate an Enterprise Management Incentives (EMI) Scheme or an Employment Relates Securities (ERS) Scheme, you will need to file an EMI or ERS return by 6 July after the […]

May 26, 2023

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What is Gift Holdover Relief and How Does It Work?

What is Gift Holdover Relief and What is Eligible? This relief is a Capital Gains Tax (“CGT”) deferral and is a tool that can be valuable to any business owner. If correctly structured, you can create tax deferrals that you did not expect and mitigate a CGT liability. The eligibility for making a claim will […]

May 5, 2023

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Tooth Ache for Dentist Associates – Changes to Self-Employment Tax Status

Historically, self-employment has been the default status for most dental associates in dental practices for many years, with both practice owners and associates preferring this model. This was based on the fact that there was a standard form of agreement for these dentists, approved by both the British Dental Association and the Dental Practitioners Association. […]

April 12, 2023

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Spring 2023 Budget – Capital Allowances - Full Expensing Introduction

What are Capital Allowances? When businesses/companies employ capital assets (e.g. plant and machinery) for use in their business, such costs are not deductible from trading profits because the expenditure will have an enduring benefit for the trade. Instead, relief is available through Capital Allowances which essentially allows relief for the fall in value of capital […]

March 31, 2023

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Termination Payments: Are They Taxable?

What is a Termination Payment(s)? If you're facing termination, you may be wondering what your entitlements are in terms of payment and how they are taxed. Understanding the tax implications of termination payments is crucial to ensure compliance with tax laws and regulations. In this blog, we will examine termination payments from a tax point […]

March 24, 2023

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