BUSINESS
Gen Alpha – The biggest change to business in a lifetime!
From Millennials to Gen Z Most of us have heard of the challenges of Millennials in the workplace. However, with the oldest Millennial rapidly approaching 40 (those born...
Advisory Fuel Rates from 1 December 2019
The advisory fuel rates that apply from 1st December 2019 for company car drivers have been published by HMRC! Hybrid cars are treated as either petrol or diesel cars for this...
Research & Development (R&D)
A study by an independent organisation concluded recently that there was approximately £84 billion in unclaimed research and development relief. Consequently, I am seeking to...
Advisory Fuel Rates from 1 September 2019
The advisory fuel rates that apply from 1st September 2019 for company car drivers have been published by HMRC! You can still use the previous rates up to 30 September 2019....
Director’s and personal tax returns
For years HMRC insisted that a director must register for self-assessment and complete a tax return even if there was no income to report. This was not a legal requirement,...
Directors’ overdrawn loan accounts and repayment of section 455 tax
If a director’s loan account has been repaid and the previous section 455 tax can be reclaimed (25% of the amount ‘loaned’ up to 5 April 2016, 32.5% from 6 April 2016) there...
Use of company assets
Beware of having the benefit of the use of a company asset such as a helicopter or private aircraft. In the past employees were only taxed at 20% of the asset value rule for...
P11D deadline approaching!
6 July 2018 is the deadline for employers to submit forms P11D detailing any benefits in kind received by their staff in the 2017/18 tax year (such as private medical...
So what is Making Tax Digital?
What is Making Tax Digital (MTD) all about? Hopefully by now everyone will have heard of MTD, and have a rough idea of what this means. This article serves to provide a bit...
Are you aware of the recent changes to the taxation of termination payments?
There is a common misconception that the first £30,000 paid to an employee on the termination of their employment is free from income tax...
To incorporate or not incorporate? That is the question!
In recent years the changes to the UK tax system have become more complex having had a period of stability under the previous Labour administration and one of the recurrent...
EMI Share Schemes in Limbo
One aspect of EU membership is that member countries cannot offer their resident taxpayers advantageous tax treatment, unless they get permission from the EU to do so. This...