Remember that certain gifts to staff at Christmas are tax free if structured correctly. Ever since April 2016 employers are allowed to provide their d...
Gifts to charity
Where possible higher rate taxpayers should “Gift Aid” any payments to charity to provide additional benefit to the charity and for the individual...
Collecting unpaid tax for 2018/19 through your PAYE coding
Under certain circumstances it is possible to arrange the collection of unpaid tax through your PAYE coding rather than making a balancing payment on ...
Qualify for capital gains tax relief
As mentioned above furnished holiday lettings businesses are eligible for capital allowances on equipment in the property. Where the business incurs f...
No capital allowances available for equipment in a dwelling house
In a recent Tax Tribunal case it was decided that only equipment installed in the “common parts” of a dwelling house qualifies for tax relief. Thi...
Directors loan account transactions
In a recent Tax Tribunal case the judge agreed with HMRC that a detailed breakdown of directors loan account transactions is required, including dates...
Government funding to help prepare for customs changes
The government are offering funding to help your business for customs changes. £16m in new government funding is now available to help businesses tra...
Tax on your dividends – January payments
The rules for taxing dividends changed radically from 6 April 2016 with the removal of the 10% notional tax credit and the introduction of new rates o...
Time for an electric company car?
Are you thinking of getting a company car? The government has announced that there will be a zero P11d benefit for the drivers of electric cars from 2...