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
In the current tax year you’ve used your company’s bank account to pay some personal bills. If you take no action this will result in tax and NI liabilities. How can you prevent or delay these?
Published 24.03.2021
During a compliance check an HMRC inspector warned our subscriber that because of a change to the rules he might face a tax and NI bill for providing their staff with workplace clothing. What’s the
inspector referring to?
Published 13.02.2020
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
A while ago one of your employees ripped her coat on a desk at work. You agreed to pay for a replacement. In a subsequent PAYE check an HMRC officer said the payment was taxable and you owe tax and
NI. Can this be right?
Published 11.10.2018
HMRC applies tough rules to prevent tax relief for entertainment costs. The good news is that there’s an exception for staff entertaining, but as the owner of the business does it extend to you?
Published 04.09.2019
Our subscriber’s company lent him a large sum shortly before the end of the last tax year. His bookkeeper says that the timing of the loan means he and the company face a large tax and NI bill. Why
and is there a way to dodge it?
Published 30.04.2018
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
Whilst Budget 2021 included headline-making changes, the small print also contained several important tax measures. How might these affect your business?
Published 24.03.2021