One of our subscribers, who runs a one-man company, wanted to know if he was entitled to a tax deduction for the cost of an extravagant meal with his partner following the completion of a successful
contract?
Published 04.07.2017
Where you own a company which is not much more than a shell, the Taxman won’t insist on Corporation Tax returns. That’s good news, but if you simply stop submitting forms, you’ll still be hit with a
penalty. So what can you do to avoid this?
Published 16.09.2010
Once again, the courts have had to step in to make sense of contradictory tax rules; this time on training costs. The judgment gave some useful clues on how you can guarantee full tax relief. What
were they?
Published 16.09.2010
The Upper Tribunal has confirmed the ruling made last year that the cost of travel to and from a home office to visit clients or customers is often not tax deductible. In what situations will the
judgment apply and how can you work around it?
Published 20.03.2014
The tribunal recently considered how much, if any, of a sponsorship payment made by a company was tax deductible. The judgment includes pointers on how to ensure you’ll get a deduction. What are
they?
Published 25.10.2012
Your company is a little cash strapped so in order to cut costs you and a co-director have decided not to claim back some of the business expenses you’ve paid for personally. What’s the most
tax-efficient way of doing this?
Published 17.02.2011
An employee who underwent training for his job claimed the cost as a tax deduction. HMRC refused to allow it and the First-tier Tribunal agreed with it. What were the tribunal’s reasons and can
training costs ever be tax deductible?
Published 18.04.2016
You may have incurred expenses in getting your business up and running before setting up your company but the receipts for these will be in your name. Can the company now claim a tax deduction for
these, and will this affect your tax?
Published 15.10.2009
HMRC has raised a query on your company’s latest accounts regarding the tax deduction claimed for the costs of your sales campaign. It says they count as business entertainment and so aren’t tax
deductible. Is this correct?
Published 30.05.2014