These are the suggested reimbursement rates for employees' private mileage using their company car from 1 December 2019. Where there has been a change...
Taxing dividends: don’t forget there may be tax to pay on your dividends in January
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...
New Year’s resolutions to save tax
At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year...
Election tax proposals – more money for the NHS?
Election tax proposals - more money for the NHS? The various political parties have all made bold promises in the run up to the General Election about...
Christmas gifts of up to £50 to employees
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...