The tax tribunal recently considered a case where, like in many other businesses, the directors were paid a car allowance. The question it had to answer was, what’s the NI position on these payments?
Published 19.09.2011
Salaries are subject to NI; there’s no argument. But recently, the tax tribunal ruled that this didn’t apply to certain allowances paid to directors and employees. Will this decision mean that your
company can dodge NI?
Published 13.10.2010
The Taxman’s approved mileage allowance rates haven’t increased for eight years and are losing touch with the real cost of motoring. Will paying more bring you a tax advantage or just trouble from
the Taxman?
Published 31.03.2010
A fellow director has told you that his accountant has recently added £4,000 “tax-free” to his director’s loan account, for the use of his car by the company. Is this something you should be doing
too?
Published 08.05.2008
The Taxman’s approved mileage allowances have been around for nearly 20 years. But the rates haven’t changed since 2002. In the meantime the cost of running your car has rocketed. Is there any way of
extracting more from the Taxman?
Published 10.07.2009
Your BMW is costing you a small fortune to run every year. What if you were to sell it to the company instead? Would you be any better off and what would be the company’s position?
Published 09.04.2008
The tax tribunal recently considered whether cars used by two directors were taxable as company vehicles, even though the directors met the cost of supplying and running them. What’s the full story?
Published 28.04.2010
A friend invited you round to view his new ECO car. A shoebox on wheels you thought, but you changed your mind when he pointed to the luxurious limo on the drive and told you it was part of a
tax-saving scheme. What’s full the story?
Published 10.12.2009
The 2011/12 tax year has ended and the P11D forms must soon be submitted. But if in doing so you realise the company car that seemed like a good idea four years ago is now costing you a fortune in
tax, what can you do about it?
Published 18.05.2012