Set out below are some general practical points and troubleshooting ideas that may be useful in relation to completing any of the annual report templates required for tax-advantaged or non-tax advantaged shares schemes or arrangements:
be organised and keep good records relating to the operation of the company鈥檚 share scheme(s) or arrangements, whether tax-advantaged or non-tax advantaged
set electronic calendar reminders in the period between the end of the tax year (5 April) and the 6 July ERS annual return deadline
do not leave filing the annual return(s) until the last opportunity 鈥� the HMRC website has been known to crash multiple times as the deadline approaches
have all the information to hand before starting the process 鈥� this will make
Inter-spouse transferIntroductionWhen a chargeable asset is transferred between two spouses or civil partners, there is a disposal by the transferor spouse / civil partner and an acquisition by the transferee spouse / civil partner for capital gains tax purposes. For simplicity, spouses and civil
Special rate pool and long life assetsSpecial rate poolExpenditure on some types of plant or machinery must, if neither annual investment allowance (AIA) nor first year allowances (FYAs) are available, be allocated to a 鈥榮pecial rate pool鈥�. Expenditure to be allocated to the special rate pool
Furnished holiday letsThis guidance note sets out the qualifying conditions for a property let to be treated as a furnished holiday let (FHL) for tax purposes and the subsequent tax implications.Whether or not a property qualifies as an FHL can make an important difference to the taxation