ELECTRIC COMPANY CAR – DOES IT NEED TO BE NEW?
Date posted: 21st Jun 2022
In short, no, but there can be tax differences between acquiring new and second hand cars. As things stand, the shortage of semiconductors has meant long delays in…
Date posted: 21st Jun 2022
In short, no, but there can be tax differences between acquiring new and second hand cars. As things stand, the shortage of semiconductors has meant long delays in…
Date posted: 27th May 2022
Have you issued shares or options to Company employees during the 2021/2022 tax year? If a company employee, or associate of an employee, has acquired securities, either from…
Date posted: 25th May 2022
Changes to VAT penalties and VAT interest charges which were due to be introduced for VAT return periods beginning on or after 1 April 2022 have been postponed…
Date posted: 24th May 2022
We are being asked by many clients whether they need a holding company. The answer is mostly always “it depends”. Whilst a holding/parent company that is virtually inactive…
Date posted: 24th May 2022
If an employer provides a benefit to an employee (company car, private medical, gym membership etc.), then it is usually the case that such benefits are declared on…
Date posted: 24th May 2022
If you are an employee and you personally incur expenses in carrying out your job, you may be able to claim tax relief for those expenses. Relief is…
Date posted: 24th May 2022
Cryptocurrencies, such as Bitcoin, are a type of electronic cash; designed to stand apart from any government or bank they work through a computer network. Records confirming Individual ownership of the…
Date posted: 28th Apr 2022
Private residence relief reduces a tax charge from arising if there is a capital gain when a person sells a property that has been their only or main…
Date posted: 28th Apr 2022
Employers who provided their employees with taxable expenses and benefits in 2021/22 need to report these to HMRC by 6 July 2022, unless they have been payrolled or…
Date posted: 28th Apr 2022
As people are taxed individually, property income must be allocated, to each individual, in order to work out the tax that each joint owner is liable to pay….
