My client has made a directors loan to his personal company (he is the majority shareholder) which now cannot be repaid. Is there a loss for CGT and if so, is it a ‘clogged loss?’
Has the tax relief for childcare vouchers ceased?
My client is an expanding local mobile care business and they are increasingly aware of the pollution that cars emit into the environment. With this in mind, they have been asked by their team whether they can look at changing the company cars to hybrid or electric cars and whether there are any incentives to do so.
Here we look at some of the recent changes and existing exemptions that may help them to make their minds up. (more…)
How do the new company car tax bands favour ultra-low emission vehicles (ULEVs)?
My client has asked me about the upcoming requirement to issue itemised payslips to workers. What will this entail? (more…)
My client has received a number of complaints from customers and staff about the personal hygiene of one of their employees. As this is a sensitive topic how should they go about addressing this with the individual? (more…)
If there’s one thing accountants love, it’s identifying obscure tax reliefs to which you may be entitled and using them to reduce your tax bills.
Tax reliefs, or tax breaks as they are sometimes called, aren’t without controversy, however. There are too many of them, say critics, and they deny the public purse much-needed funds.
Read the full aeticle here.
As the clock continues to tick down to the 29 March 2019, when the UK is scheduled to officially leave the EU at 11pm, there is still much uncertainty around what Brexit will mean for UK business. (more…)
Included in this article:
– HMRC error hits early-paying self-assessment taxpayers
– Minimum contributions rise to 3% for employers in April
– Making Tax Digital for VAT: one month to go
– Government launches service to prepare firms for EU exit
Read the full article here.