Along with the 2025 Spring Statement, HMRC has published a technical note on the tax implications for companies and employees when a company has shares traded on the Private Intermittent Securities and Capital Exchange System (PISCES). PISCES is a new type of secondary stock exchange that will facilitate intermittent trading of private company shares. It…

April 1, 2025 Read more >

Whilst some changes relating to employees have been well signposted for the tax year(s) ahead – such as the increase in Employers’ National Insurance Contributions to 15% from 6 April 2025, others have not. Having changes well signposted is important. For example, the increase of Employers NIC from 6 April means that companies could ensure…

March 28, 2025 Read more >

In 2000, a new entity was introduced in the form of Limited Liability Partnerships (LLPs). Significantly, unlike general partnerships, an LLP is a corporate body with an identity that is separate from its members but, generally speaking, transparent for tax purposes. Members of an LLP were presumed to be self-employed (like partners of general partnerships)…

February 24, 2025 Read more >

All at MM&K hope our clients, contacts, partners and other stakeholders enjoy a peaceful seasonal holiday break and we wish you a very happy New Year. We look forward to continuing our connections with all of you in 2025. A milestone passed 2024 has been a remarkable year. MM&K celebrated 50 years in business, a…

December 20, 2024 Read more >

The new Labour government delivered its Autumn Budget on 30 October 2024. The budget is set to raise taxation in the UK to an historic high level, while maintaining the promise made in the Labour manifesto that there would be no rise in the rate of income tax, national insurance and VAT for individuals. This…

November 10, 2024 Read more >

An annual return needs to be submitted by all companies who have an active employee share plan registered with HMRC. This includes tax-advantaged share plans such as EMI, CSOP, SAYE and SIP as well as any non-tax advantaged plans or arrangements such as unapproved options, conditional share awards (or restricted stock units), growth share plans…

April 19, 2022 Read more >

An annual return needs to be submitted by all companies who have an active employee share plan registered with HMRC. This includes tax-advantaged share plans such as EMI, CSOP, SAYE and SIP as well as any non-tax advantaged plans or arrangements such as unapproved options, conditional share awards (or restricted stock units), growth share plans…

April 28, 2021 Read more >