Can the company car be furloughed?
During the lockdown period many employees and directors have not been using their company cars and it has been...
Tax
Tax treatment of employees working from home
Working from home: Tax With a growing number of people working from home, most of us are familiar with the best...
Will inheritance tax be simplified?
Another announcement to listen out for in the Spring Budget is whether the Chancellor acts on the recommendations...
VAT Reverse Charge: Delayed
The reverse charge was due to come into effect on 1 October but the government have decided to delay the start of...
Time to Start Saving for Your Tax Due on Dividends
What are dividends? Dividends are payments made to company shareholders. If you are shareholder you would pay tax:...
Tax Benefits of Electric Cars
The government has announced that there will be a zero P11d benefit for the drivers of electric cars from 2020/21....
Lobbying Pays Off with Potential Changes to Pension Tax
Earlier this year high earners were lobbying for pension tax changes, namely hospital doctors and GPs – read...
Inheritance Tax: Soon to be Simplified
The Office of Tax Simplification (OTS) have undertaken a detailed review of Inheritance Tax (IHT), which is...
VAT Reverse Charge: Does it affect you?
The Government is introducing a VAT reverse charge on certain building and construction services. The legislation...
Brexit: Here’s What You Need to Know If You Trade With The EU
Clearly, there is still a lot of uncertainty around Brexit. As a business owner who trades with over countries in...
Is it a Car or a Van? Here is the Tax Definition of a Van
HMRC are being urged to provide clarity on the tax treatment of commercial vehicles such as VW Kombi Vans marketed...
Don’t Forget to Pay Your Pension Charge
The Pension Annual Allowance tax charge depends on your marginal rate of tax. Where their income exceeds £150,000...
Does Your Car Qualify for the Higher Tax Relief Rate?
The latest Finance Act has reduced the tax writing down allowance for motor cars that emit more than 110 grams of...
Will the High Income Benefit Charge Affect Your State Pension?
The child benefit charge was introduced in 2013 and affect over 1 million families. If you or your partner earn an...
Tax Efficiently Extract Profits
The current £3,000 employment allowance continues to be set against the employer’s national insurance contribution...
Non-Resident Capital Gains Tax (CGT) on Property
Non-UK residents will from 6 April 2019 must pay Capital Gains Tax (CGT) on the disposal of UK real estate. Prior...
Disguised Remuneration Loan Charge April 2019
Disguised remuneration charges will apply to certain loans to directors and employees that are still outstanding...
Personal Service Company Changes from April 2020
In the Autumn Budget the Chancellor announced that the “off payroll” workers rules that currently apply...
Increased Pensions Contribution
Pensions contributions for Auto Enrolment are due to increase 6 April 2019, meaning you are likely to be at least...
Tax Efficient Investments
If you are looking for investment opportunities, have you considered the Enterprise Investment Scheme (EIS)? These...