As home working looks like it’s here to stay, we are being asked more and more about whether clients can pay for a garden office, or pod, through their limited company.
HMRC has made a change to its policy that affects employers who reimburse employees for the electricity used to charge their company vehicles at home.
Investing in small companies can feel risky – as a business person you will know that not all new ventures are a success. However, the government does offer incentives to support investors to mitigate their risk with tax savings.
Personal Tax Accounts (PTAs) were launched in 2015 and works as an online resource to allow taxpayers to review and update their details in real time. For many routine requests and services using the PTA can avoid having to phone or write to HMRC.
There are tax consequences for both companies and directors relating to the issue of director’s loans. We will examine below some of the implications if a company facilitates loans to a director.
As you’ll know by now (we might have mentioned it once or twice!), there are big changes on the way when it comes to your VAT returns.
The surprising answer to this question is usually no. This is because inheritance tax (IHT) is usually levied on a person’s estate when they die and can also be payable during a person’s lifetime on certain trusts and gifts.
The letters in an employee’s tax code signify their entitlement (or not) to the annual tax free personal allowance.
Taxpayers that make payments on account should be aware that the second payment on account for 2017-18 is due on or before 31 July 2018