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all "VAT concession on benefits-in-kind"
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It’s taken over a year for the Taxman to decide what to do following the EU ruling regarding VAT on certain employee benefits. He’s now issued guidance. What does this say and how should you
implement the change?
Published 07.09.2011
You offer your staff an optional remuneration arrangement as an alternative to part of their salary. You’ve now been told that you must account for VAT on the value of the arrangement. Does this mean
you owe HMRC a stack of cash?
Published 08.04.2021
In January, the rules on employee benefits-in-kind changed and can now mean VAT is payable in situations where it didn’t apply before. But is this extra cost to your business a tax-deductible
expense?
Published 14.05.2012
You’re with your accountant and about to sign off your firm’s annual accounts. There’s nothing unusual in this year’s figures, but actually they might contain hidden VAT charges. Why and what should
you be doing about them?
Published 02.03.2017
If you provide your employees with benefits in kind as an optional alternative to salary, special anti-avoidance income tax rules apply. Are there also VAT aspects you need to consider?
Published 18.09.2023
Depending on the circumstances, VAT deregistration can be compulsory or voluntary. Either way, the trouble is that the Taxman expects you to account for VAT on the value of all the assets your
business owns. How can you minimise this bill?
Published 15.11.2011
The Institute of Taxation recently took up the cudgels with the Taxman over incorrect guidance it had published. This might have caused businesses using the flat-rate scheme to wrongly pay VAT on
investment income. What’s the full story?
Published 21.09.2011
The Taxman has incorrectly applied the law which says how much VAT is payable where businesses pay for fuel used for private mileage. What’s the full story?
Published 31.05.2012
Apart from paying salary to your workers it’s likely you’ll make other financial transactions with them, such as providing benefits-in-kind (BiKs) and reimbursing business expenses. But where do you
stand with the Taxman on these?
Published 18.10.2011
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