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
HMRC is working out 2016/17 tax codes ready for issue in early 2016. Changes to dividend and other investment income tax rates, plus a new system for taxing benefits might mean radical changes to
your code. What’s the full story?
Published 01.12.2015
In April 2016 a new method for taxing job-related perks through the payroll takes effect. The trouble, especially for directors, is that the value of perks can change over the course of a tax year.
How will the new system work in this situation?
Published 07.03.2016
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
One of our subscribers recently received his tax code for 2016/17. It includes a deduction to collect tax for an out of date year. While HMRC seems to be using this tactic more frequently, do the
rules allow it?
Published 05.04.2016
We’re seeing a lot of reports, especially from director shareholders, that tax codes for 2018/19 contain deductions not previously made. These will result in a higher PAYE tax bill. What’s going on?
Published 15.05.2018
In the next couple of months most directors will be receiving tax code notices for 2011/12. There’s a suggestion that these will incorporate adjustments that will result in you paying tax sooner. Is
the Taxman within his rights to do this?
Published 24.11.2010
HMRC’s dynamic tax codes were supposed to improve the accuracy of PAYE. But they’ve been plagued by problems, the latest of which could see you paying the same tax twice. What’s the full story?
Published 14.09.2018
Your 2012/13 tax return showed that you owed tax. You expected HMRC to follow its usual procedure and collect it by adjusting your tax code for 2014/15, but instead it’s sent you a bill. Are you
within your rights to refuse to pay?
Published 19.03.2014