The Taxman doesn’t allow a deduction for the cost of travel between your home and normal place of work. But one exception to this rule is where the trip includes a business purpose. When can you make
use of this loophole?
Published 17.07.2012
Joining a business or networking club can have benefits for your company, but will you get a tax deduction for the cost of your subscription? One of our subscribers asked the Taxman this and got a
bewildering reply. So what’s the right answer?
Published 10.12.2009
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
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
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
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
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 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’ve just received a hefty bill from your accountant for advice on setting up your company and dealing with associated tax matters for the directors. Can the company claim a tax deduction for the
whole amount or are there restrictions?
Published 28.05.2013