New rules for “making good” benefits in kind apply for 2017/18, including a change to the deadline. What do employers and employees need to know?
Published 15.01.2018
Getting your company to pay your personal bills can defer and even reduce the tax and NI payable on income you take from it. But it’s easy to get it wrong and land yourself with a tax bill. What
steps do you need to take avoid this trap?
Published 10.11.2017
Earlier in 2017 important changes were made to the rules which determine how HMRC demands and collects tax. The effects of these are only now being seen. What are the changes and how might they
affect you?
Published 30.10.2017
The end of the tax year is in sight and with it the opportunity to obtain additional tax relief for 2018/19 through your PAYE code. Why should you make a special effort to review your tax code now
and what steps can you take to change it?
Published 17.01.2019
A subscriber’s company provided perks to him and his spouse. The perks were declared on their respective tax returns, but HMRC argues that they are all taxable on him, which meant a bigger tax bill.
Is HMRC right?
Published 17.04.2018
Changes proposed to the benefits in kind rules might mean you can make personal use of your company’s credit card, tax free, for up to 18 months. How can you take advantage of this?
Published 12.06.2017
A new tax exemption for perks took effect on 6 April 2016. It applies to all employees, but there are special rules for directors. What are they, and how can you work with them to take maximum
advantage?
Published 18.04.2016
Benefits in kind are usually more NI efficient than salary. However, the opposite can be true for director shareholders who receive a low salary, perhaps topped up with dividends. What savings are
possible and how can you take advantage?
Published 13.10.2017
Your business needs extra cash. While you have the funds available, it might be more tax efficient if the money came from your spouse because they pay tax at a lower rate than you. How can you
arrange the transaction to take advantage?
Published 18.09.2017
Directors’ loan accounts (DLAs) are a popular target for HMRC tax enquiries yet many directors aren’t clear about the purpose of their DLA or even that they have one. What steps should you take to
prevent your DLA becoming a tax problem?
Published 22.09.2020