Salary sacrifice schemes can reduce your tax and save your company NI costs. But depending on the amount and type of income you receive the savings can vary widely. How can you get the best result?
Published 17.10.2012
A subscriber’s company provides benefits-in-kind to his former spouse. While they were together he was taxed on these, but now they’re apart does he still have to pick up the tax bill?
Published 25.07.2011
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
Dividends might be the most tax-efficient way to take income from your company but they can only be paid out of profits. This means for a recently started business they probably aren’t an option.
What’s the next best thing?
Published 01.05.2012
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
You’ve used your company credit card to buy some Christmas gifts and stock up on booze for the festive season. There will be tax and NI to pay if you don’t pay your company back. But how long can you
put off doing this?
Published 27.11.2012
If you personally own your company’s business premises and it makes some improvements to the building, this will land you with a hefty income tax bill. Why, and what steps can you take to reduce and
defer this amount?
Published 25.04.2013
HMRC has clarified the transitional rules for salary sacrifice arrangements, which are less generous than they first seemed. What’s the full story?
Published 02.05.2017
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
As a director, one of your duties is to keep company costs down, including the wages bill. Cutting salaries isn’t an option, but a tax-efficient voucher scheme might help. How do they work?
Published 09.06.2014