Many companies pay the parking tickets issued to their directors whilst on company business. But is this allowed as a business expense? What’s the Taxman’s view and how can you optimise your
position?
Published 07.06.2007
HMRC has introduced benchmark rates for subsistence payments to directors and employees. Is this an opportunity for you to pay tax-free expenses without reporting them to the Taxman, or a sneaky way
for him to collect more tax?
Published 15.05.2009
At this time of year, you want to take your partner for a romantic meal or buy them a gift. Can you get away with just putting it through petty cash? Or are there legitimate ways to get your company
to pay for it?
Published 15.02.2006
If the company reimburses your business expenses, these figures should be disclosed to the Taxman each year. Although there’s an exemption from this, the Taxman is reluctant to grant it for
directors? How can you convince him?
Published 12.10.2005
It’s been a tough year for your employees and more so for the directors. But things have eased a bit and you want to say thanks with a little something for Christmas. But will this come with a tax
bill?
Published 26.11.2009
As a company director, you always want to portray the right image and this calls for a new suit. If you pay for it out of your own money, it’s quite a hit. Would it be cheaper if the company bought
it for you?
Published 01.03.2006
You’ve been told that employee training costs are allowable if incurred wholly and exclusively for the benefit of your business. If it’s you who wants to undertake the training, what’s your and the
company’s position?
Published 28.03.2007
Before your company started trading you incurred some expenditure, e.g. on office equipment. Can you now deduct these expenses and if so what sort of supporting evidence will the Taxman expect?
Published 20.12.2006
You’re negotiating this year’s fee with your accountant and to clinch the deal for preparing your company’s accounts he offers to complete your tax return for nothing. What will the Taxman make of
this?
Published 01.10.2012
The tax tribunal recently considered the rules that apply for working out income tax and NI where a director has personal use of a company asset. The taxpayer won, but can you rely on this victory to
save you NI?
Published 08.06.2010