As the company’s sales director you spend a lot of money wining and dining customers. However, HMRC doesn’t allow a tax deduction for this, but there are exceptions to the rule. When do they apply?
Published 13.11.2014
You took out a personal loan to buy your company’s business premises and you’re claiming tax relief on the interest. So far so good, but the Taxman suggests there’s a way you can cut both your and
your company’s tax bill further.
Published 01.05.2012
HMRC says that personal credit card charges aren’t tax deductible. So if you use your card to make purchases for your business, and incur interest, does it mean your company can’t reimburse you
without landing you with a tax bill?
Published 29.09.2016
The Taxman allows employees to claim a deduction for expenses incurred in the course of doing their job. As a director you’re never off duty, even when you’re at home, but does this entitle you to
extra tax reliefs?
Published 06.01.2012
As in many companies, directors are required to use their personal mobile phones to make business calls. What’s the most tax-effective way to get reimbursed for these calls?
Published 01.02.2006
Following a PAYE inspection the Taxman has written saying that he’s going to disallow a director’s claim for travel expenses because there was “duality”. What does he mean by this, and is he right?
Published 26.11.2009
If your year-end is approaching, you need to optimise business expenditure to reduce taxable profit. What will the Taxman let you get away with?
Published 10.05.2007
In a recent case the tax tribunal considered an employee’s claim for a deduction from his tax bill in respect of household expenses. It was a mixed result but had the employee been a director could
he have claimed more?
Published 17.05.2011
One of our subscribers recently queried why the Taxman had challenged the expenses claimed for promoting the company’s products. What was the problem and how was it solved?
Published 03.09.2009
Business entertaining is a tried and tested way to attract new customers or keep the existing ones loyal, but you won’t usually get tax relief for the cost. So is there a tax-efficient way to do it?
Published 20.03.2012