Documents for Business

In excess of 1,000 customisable documents covering every conceivable business issue.
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Farmers' averaging election

If you carry on a farming or market gardening business, you can elect to average your profits over either two or five years. Farming Businesses that depend on a successful harvest are notoriously volatile in terms of profits. One bad crop can mean lo... Read more
 
 

Intro_Farmers' averaging election

FARMERS' AVERAGING ELECTION HMRC (insert address) (insert date) Dear Sirs (insert your name) (insert unique taxpayer reference) I am writing to make an election to average my farming profits over [two] [five] years (delete as appropriate). After ... Read more
 
 

Intangible assets rollover relief claim

Intangible asset rollover relief claim If your company sells a chargeable intangible fixed asset, it can give rise to a gain which is subject to corporation tax. The gain cannot be deferred by purchasing tangible assets. However, if further intangibl... Read more
 
 

Pay in lieu of notice clause

Pay in lieu of notice clause In the absence of an express payment in lieu of notice clause, you don't have the contractual right to terminate employment summarily upon making such a payment. This doesn't mean you can't do it, but you do need to weigh up... Read more
 
 

Cars and car allowances policy

Cars and car allowances policy You only need a policy statement on company cars or car allowances if you actually provide your employees with them. If only a couple of employees have company cars, you might find it easier to include the provision in ... Read more
 
 

Election for land remediation relief

Land remediation relief gives an enhanced deduction for qualifying revenue expenditure spent on bringing land back into use in some circumstances. Use our template letter to treat capital costs as qualifying. Relief Land remediation relief (LRR) is a... Read more
 
 

Entrepreneurs' relief checklist

When the time comes to sell or transfer all or part of your business you might be entitled to claim entrepreneurs' relief. This means that the maximum rate of tax you'll pay on any gain you make will be 10%. However, to qualify there are conditions tha... Read more
 
 

Claim for payment under a guarantee

Claim for payment under a guarantee One way of helping a growing business is to act as guarantor to its loan finance. If things don't turn out as planned and you are called upon to make good some or all of the loan, you may be able to make a claim to ... Read more
 
 

Employee beneficial loan letter

Where an employee or a director owes their employer more than £10,000 at any point during a tax year, a taxable benefit in kind arises. You need to work out the cash equivalent of this. Use this letter to write to any employees with loans to explain... Read more
 
 

S.431 election for shares

If shares are acquired because of an individual's employment, they are liable to an income tax charge on the difference between the market value of the shares and the price paid by an employee, but special rules can apply where the shares have restric... Read more
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