Newsletters
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Can making good benefits be tax efficient?
A company has provided the owner manager with benefits in kind on which they’ve been taxed. It’s possible to reverse this by making good the benefit. But will this save the owner and the company tax in the long run?
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Repairing machinery: what can be deducted for tax purposes?
A trader acquired two second-hand cars which he renovated for use in his business. He thought he would get immediate tax relief for the renovation costs but his bookkeeper says special rules mean it will be spread over many years. Is that correct?
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Can more than one employment allowance be claimed?
An entrepreneur owns a trading company and is starting a second business through a new company. They want to know how the employment allowance works in these circumstances. How can they benefit from an unexpected bonus?
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Business expense trap for companies and directors
During the pandemic a company was struggling for cash. To help, the directors didn’t claim reimbursement of business expenses they incurred. However, the company can now afford to pay them back. Will this cause a problem?
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Uber case has wider implications
The High Court has ruled that under the agent and principal rules Uber must charge VAT to its customers. Previously, the practice was to treat the driver as the principal. What could this mean for businesses?
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Summer party for staff: taxable or exempt?
A company is looking to hold a summer event for its staff. It's not sure what form this will take as yet, but the tax and NI position will be a factor due to the cost. What are the rules here?
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