An employee’s guide to RSUs and Stock Options
Written by Tax Partner, Michaela Lamb More and more employers in the Tech sector are offering Restricted Stock Units (RSUs) or Stock Options to their employees. These have been popular with US companies for a long time, and so those working for global companies, and those who are working remotely for US/Canadian businesses are finding […]
Implementing your salary sacrifice via your payroll
Written by Payroll Manager, Rebecca Aimey Introduction In today’s competitive job market, employees are increasingly seeking (and often expect) benefits packages to be paid alongside their salary. Employers, on the other hand, are of course keen to retain and attract talent whilst also maximising tax efficiencies where possible. The salary sacrifice options are an effective […]
Is it time to embrace AI to transform your business?
Written by Tech Partner, Ben Chernoff Is it time to embrace AI to transform your business? It’s clear AI is not going away. And while there’s a lot of fear about what AI could do in the wrong hands, it also brings a lot of opportunity for good. It has the potential to drive economic […]
Payrolling of benefits – Feeling the pain of collating your P11D data?
Written by Payroll Manager, Rebecca Aimey Employers who would like to formally payroll benefits for the first time, must register with HMRC. Some seven years ago, HMRC introduced the ability for employers to payroll certain benefits that are classed as a benefit in kind. This has enabled a change in the way employees are taxed […]
Increases in Interest Rates for estates paying IHT by Instalment
Written by Tax Partner, Michaela Lamb HMRC allow estates with an IHT liability in relation to certain assets to pay the liability over a period of 10 years. These are paid annually in equal instalments, which attract interest. This can be a useful option for families who do not wish to part with those assets, […]
Looking to recover the VAT you have incurred overseas, but you don’t have a VAT registration number in that particular country?
Written by VAT Partner, Sandy Cochrane Many UK companies wishing to submit their claims will be affected by the deadline of 30 September – depending on which EU country the claim needs to be made for. Our team of VAT experts at Gravita work closely with our DFK colleagues all over the globe, to help […]
Stealth Tax: As tax payers pay more income tax each year, what planning tips can you implement to reduce your Tax Rate?
Written by Tax Partner, Michaela Lamb An article in the The Times this week has reported on the fact that the freezing of the tax-free personal allowance, basic and higher rate income tax thresholds as part of the Chancellor’s Budget earlier this year’ has brought 1.6million more people into the realms of paying income tax […]
Staff summer parties, and the treatment of VAT
Written by VAT Partner, Sandy Cochrane With summer approaching, you may be starting to plan your work summer party. At Gravita, we are in the process of securing our summer venue as it is so important for us to get together as a team and have an evening of catching up, laughter, food, drinks, and […]
Generous Employer Pension? Beware of the hidden tax traps…
Written by Tax Partner, Michaela Lamb Many employers now offer pension contributions as part of their remuneration packages – in fact, following the introduction of Auto Enrolment Pensions in October 2012, you and your employer are obliged to make contributions to a pension scheme, unless you specifically opt out. For most people there is […]
If you wish to make voluntary NI contributions to the ‘new state pension’ you may benefit from the current extension, but must now act before 5 April 2025
This extension could make all the difference in ensuring you receive all or some of the ‘new state pension’ and you should act now. For those retiring on or after 6 April 2016 In March 2023 HMRC announced an extension (to 31 July 2023) of the 5 April 2023 deadline for making additional National […]