Directors and employees are entitled to claim tax deductions for business expenses. However, HMRC says that some employers have been incorrectly using dispensations to shortcut this procedure. What’s
the problem?
Published 20.09.2012
If your company has accidentally overpaid your expenses, there’s something you’ll have to do before April 5 to avoid a tax bill. What is it?
Published 29.03.2007
Your annual returns of expenses and benefits (P11Ds etc.) for 2005/6 are due to be with the Taxman by July 6, 2006. Does it really matter if you accidentally leave something off the form?
Published 22.06.2006
Let’s say you are a small company with one shareholder/director and no other employees. No benefits are provided, but your company does reimburse you for some expenses. Do you have to fill in a P11D?
Published 21.06.2007
Where a director or employee travels on business, the company can pick up the bill by reimbursing the worker or meeting the cost directly. But does the method used make a difference to how it should
be reported to the Taxman?
Published 28.06.2012
A recent report claims that PAYE dispensations are vastly under-used. These informal agreements with the Taxman can be big time savers for employers. But when is the right time to apply for one?
Published 21.09.2011
Your employees’ subsistence expenses claims have been getting out of hand so you want to set a fixed rate. The figure you have in mind is higher than HMRC’s suggested amount; does this mean PAYE tax
and NI are due on the excess?
Published 27.11.2013
One of our subscribers was threatened with an £18,000 penalty for including the wrong figures for expenses payments on Forms P11D. What was the problem, and how exactly did he escape the wrath of the
Taxman?
Published 12.05.2010
Dispensations from the Taxman are often marketed as a way to claim expenses without the need for any receipts. Is this true? If so, how could you make best use of them?
Published 02.03.2006