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Autumn Budget 2017 - Van benefit charge and the car and van fuel benefit charges

Autumn Budget 2017 - Van benefit charge and the car and van fuel benefit charges The following changes to company car and van benefits will take affect from 6 April 2018: - the car fuel ...
/news/autumn-budget-2017---van-benefit-charge-and-the-car-and-van-fuel-benefit-charges.htm

Autumn Budget 2018 - Fuel benefit charges for cars and vans from 6 April 2019

From 6 April 2019, the flat-rate van benefit charge will increase to £3,430 (from £3,350 in 2018/19). The multiplier for the car fuel benefit charge will increase to £24,100 (...
/news/autumn-budget-2018---fuel-benefit-charges-for-cars-and-vans-from-6-april-2019-487.htm

When are tips taxable?

The Summer season usually sees a rise in the number of casual staff taken on by restaurants and cafes. Whilst the tax and NIC implications of wages is generally straight-forward, confusion often ar...
/news/when-are-tips-taxable.htm

Tax Efficient Profit Extraction

Tax Efficient Profit Extraction As a company owner you can choose how to extract the profits from your company, and by making the right choices you can minimise the tax and NI paid by you and t...
/news/tax-efficient-profit-extraction.htm

Q. I am a sole trader and registered for VAT. The business pays for the fuel in my car...

Q. I am a sole trader and registered for VAT. The business pays for the fuel in my car, which I use for both business and private mileage. How do I account for VAT on the fuel using HMRC's fuel...
/news/q-i-am-a-sole-trader-and-registered-for-vat-the-business-pays-for-the-fuel-in-my-car.htm

When are tips taxable and/or included in the National Minimum Wage

When are tips taxable and/or included in the National Minimum Wage Confusion often arises regarding tips and gratuities as the tax and NIC treatment depends on how they are paid to the recipien...
/news/when-are-tips-taxable-andor-included-in-the-national-minimum-wage.htm

Employer responsibilites for tips

Employer responsibilites for tips The tax and NIC treatment of tips will depend on how they are paid to the recipient.   Cash tips handed to an employee, or say, left on the table ...
/news/employer-responsibilites-for-tips.htm

Company cars

Company cars Does your company still own or lease the car you use for private journeys? You may need to rethink that arrangement in light of the tax charges due to apply in the years ahead. ...
/news/company-cars.htm

Driving innovation to improve the use of plastic

As widely speculated, the Chancellor announced a call for evidence to explore how changes to the tax system or charges could be used to reduce the amount of single-use plastics, by reducing unneces...
/news/driving-innovation-to-improve-the-use-of-plastic.htm

Q. I am self-employed and have been claiming capital allowances on certain business...

Q. I am self-employed and have been claiming capital allowances on certain business items. If I close the business and move into employment and continue to use the same assets for my work, can the ...
/news/q-i-am-self-employed-and-have-been-claiming-capital-allowances-on-certain-business.htm

Capital allowances for structures and buildings

The government will introduce a new Structures and Buildings Allowance (SBA) for new non-residential structures and buildings. Relief will be provided on eligible construction costs incurred on or ...
/news/capital-allowances-for-structures-and-buildings.htm

Q. Due to cash flow difficulties I have not yet paid my self-assessment...

Q. Due to cash flow difficulties I have not yet paid my self-assessment payment on account, which was due on 31 July 2018. I realise that I will have to pay interest on the amount outstanding, but ...
/news/q-due-to-cash-flow-difficulties-i-have-not-yet-paid-my-self-assessment.htm

Sue’s Budget edition of Tax Tips & News

Summary This was a forward-looking Budget, with much of the content based on the assumption that the current Government will pick up where it left off, after the General Election on 7 May 2015....
/news/sues-budget-edition-of-tax-tips--news.htm

Business Exit Planning

Business Exit Planning   Are you thinking about hanging-up your working boots and passing-on your business? This takes a lot of planning to get the best possible tax outcome. If yo...
/news/business-exit-planning.htm

Homes Worth Over £2 million!

Homes Worth Over £2 million! The Government wants to clamp down on tax avoidance by people who purchase their homes through companies, or other structures like trusts or partnerships, (kn...
/news/homes-worth-over-2-million.htm
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