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
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
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 Taxman allows companies to pay for a director’s or employee’s mobile phone without it counting as a taxable perk. However, there are conditions which HMRC strictly enforces. How can you avoid
falling foul of these?
Published 30.04.2019
You pay for parking spaces for your company’s directors as there’s nowhere on site. During a PAYE check HMRC claims that because the spaces are also used for non-work purposes there’s a taxable perk.
Is this correct?
Published 04.09.2017
Whilst there wasn’t much for businesses to shout about in the 2017 Autumn Budget, the small print points to bigger changes ahead. What’s the full story?
Published 08.12.2017
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
From a tax point of view the 2016 Autumn Statement wasn’t terribly exciting. However, the Chancellor announced a few changes which will have an impact on businesses. How might they affect you?
Published 09.12.2016
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