During the recent rail strikes several of your employees made alternative travel arrangements to commute to work. To recognise their efforts you want to reimburse their extra travel costs. How should
you account for any tax and NI on this?
Published 21.09.2022
You’ve used your personal credit card to buy items for your company. Of course, you’ll be reimbursed by the company tax and NI free, but what’s the position if your company also pays the
corresponding credit card charges?
Published 12.06.2023
When preparing figures for your P11D returns for 2022/23 your bookkeeper noticed PAYE tax and NI hadn’t been deducted from expenses not covered by the general exemption. How can you correct the
problem at this late stage?
Published 03.05.2023
On 6 April 2016 major changes to the tax rules for business expenses paid by employers will take effect. What are they and what steps should you be taking to prepare your business?
Published 10.12.2015
A director made a big credit card purchase of stock for her company as it was short of cash. It was several months before it could it pay her back. If the company pays her credit card charges can it
do so tax and NI free?
Published 05.09.2019
You’ve volunteered to do some fetching and carrying for a charity. You won’t be paid a wage but the charity is willing to meet your travel costs. Will you have to pay tax on these?
Published 30.04.2020
Your daughter has just left school and wants to take a vocational course. It will cost around £4,000. If you got your company to pay for it, will it be more tax efficient than meeting the cost from
your pocket?
Published 30.04.2024
Handling your employees’ travel expenses claims is time consuming and the tax and NI requirements can be tricky. The good news is that the process can be simplified by paying flat rate tax-exempt
allowances. What are they?
Published 21.10.2020
You’ve agreed to reimburse part of an employee’s broadband bill for when they work from home. HMRC’s guidance says that although it’s a business expense you must deduct PAYE tax and NI from anything
you pay. Why, and can it be avoided?
Published 24.01.2024
When an employee’s car was damaged in our subscriber’s car park the company paid to have it repaired. The question is should the payment be taxed and, if so, as earnings or as a benefit in kind?
Published 17.03.2020