You’ve heard that some firms are offering staff discounts to help keep the business ticking over and the cash flowing. If you decide to do the same, what are the tax implications?
Published 02.11.2020
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
One of your employees has sent you links to websites offering tax efficient salary sacrifice schemes to consider. You thought HMRC had killed these off with tough anti-avoidance rules. Can these new
schemes legitimately save tax?
Published 02.10.2019
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
For maximum tax efficiency director shareholders should take income from their companies as a combination of salary and dividends. Where this isn’t possible what are the alternatives?
Published 01.12.2020
You’ve heard that workers who socialise together may be more productive. You want to give the theory a try by putting some money behind the bar for an occasional social evening. Would this trigger a
tax bill?
Published 16.10.2019
A friend has told you that he and his wife are taking a tax-free luxury weekend away on the company. Apparently, because the business has been running a long time HMRC allows this. Is this something
you can take advantage of?
Published 03.02.2020
One of your longest serving employees is getting married and you intend to buy a gift. You’re keeping it simple with a voucher they can spend online. Is it more tax efficient for you to buy it
personally or for your business to pay?
Published 16.09.2019
Directors and employees can receive low value perks tax and NI free. The trouble is if the cost of a benefit exceeds the exempt amount it’s fully taxable and liable to NI. How can you avoid this trap
but maximise the exemption?
Published 07.01.2019
It’s that time of year again when you review staff performance and pay. One of the directors has suggested offering tax-efficient perks instead of pay. You thought HMRC had outlawed this in 2017, but
is it still possible?
Published 16.04.2019