EMI share options provide tax benefits to employees through the right to acquire shares at a preferential value, but there are strict rules on notifying HMRC on time.
The Spring Budget 2024 announced the abolition of tax relief for non-UK domiciled individuals from 2025, and a new relief for those arriving in the UK.
The Government has published its draft 2023/24 Finance Bill, following the Autumn Statement on 22 November 2023, and includes making full expensing permanent.
From a private client perspective, the headline news was the 2% reduction in the rate of employees' National Insurance, and smaller 1% reduction for the self-employed.
Jeremy Hunt's second Autumn Statement reverses his previous main position of driving down inflation and now focusses on tax cuts and growing the economy. Click here to read more.