With colleges and universities now charging fees, there’s a good chance you’ll have to pay even more for your children’s education. But if your company pays these fees directly, can you avoid tax and
NI on them?
Published 05.07.2006
You’ve thought about taking up a new hobby - flying for example. However, your existing draw from the company is all accounted for. Could your company pay for it instead? What’s your best option?
Published 16.01.2008
We recently heard from a subscriber who has been doing battle with the Taxman over use of company resources. He reckons that the directors should pay tax for using the company’s software at home.
Does he have a point?
Published 05.01.2010
During a PAYE audit visit the Taxman picked up on a problem in our subscriber’s procedures for dealing with company car fuel. It could cost them thousands of pounds. What steps can you take to avoid
a similar fate?
Published 17.02.2010
One of our subscribers has been making good use of discounts and other incentives offered with his mobile phone contract. He’s worried that because it’s a company phone the Taxman will treat these as
a taxable benefit. Is he right?
Published 03.10.2011
There’s no escaping tax on the benefits-in-kind (BiK) you receive from your company, but a loophole in the rules means that you can delay payment for a long time. How can you take advantage of this?
Published 28.04.2011
Wouldn’t it be nice to have your own place in the sun and escape there every so often when the going gets tough. And wouldn’t it be even better if there were tax relief on the running costs; the idea
is not as far fetched as you might think.
Published 06.07.2010
There are two different ways to calculate the taxable benefit-in-kind (BiK) on your director’s loan account. One of them is more tax efficient, but the Taxman has the right to override this; is he
likely to do so?
Published 08.06.2010
Where you borrow money interest-free from your company, you can land yourself with a tax bill. But a friend, who’s also a director, tells you that he avoids this by paying interest to his company.
Will this also work for you?
Published 31.10.2011