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Date posted: 5th Dec 2019
As the new year approaches, many people turn their minds to resolutions, healthy eating, exercise and filing their tax return! However, in the view of Lee Watson, tax…
Date posted: 5th Dec 2019
It is usually the case that, when a company enters a member’s voluntary liquidation (“MVL”), any proceeds subsequently distributed to the shareholders are treated for tax purposes as…
Date posted: 5th Dec 2019
The government has recently announced that the previous £1,000 limit on the cost of a bicycle provided under the cycle to work scheme has been removed. This will…
Date posted: 5th Dec 2019
Remember that certain Christmas gifts to staff are tax-free if structured correctly. Ever since April 2016 employers are allowed to provide their directors and employees with certain “trivial”…
Date posted: 5th Dec 2019
Where possible higher rate taxpayers should “Gift Aid” any payments to charity to provide additional benefit to the charity and for the individual to obtain additional tax relief…
Date posted: 6th Nov 2019
As mentioned above furnished holiday lettings businesses are eligible for capital allowances on equipment in the property. Where the business incurs finance costs such as mortgage interest the…
Date posted: 6th Nov 2019
£16m in new government funding is now available to help businesses train staff in making customs declarations and to help businesses who support others who trade goods to…
Date posted: 6th Nov 2019
In a recent Tax Tribunal case the judge agreed with HMRC that a detailed breakdown of director’s loan account transactions is required, including dates. The significance is that…
Date posted: 6th Nov 2019
Under certain circumstances, it is possible to arrange the collection of unpaid tax through your PAYE coding rather than making a balancing payment on 31 January. This will…
Date posted: 6th Nov 2019
As a general rule, there are no capital allowances available for expenditure on plant and machinery in a dwelling house. In a recent Tax Tribunal case it was…
