Up until 6 April last year, the distribution of cash to shareholders on winding up your company using a liquidator, was usually taxed as a capital gain, potentially taxed at just 10%
A PAYE and NICs avoidance scheme using Employee Benefit Trusts (EBTs) as a means of remunerating directors and staff has been defeated by HMRC in a recent Supreme Court case. Such schemes
The House of Commons Work and Pensions Committee has recently published a report calling on the Government to close the loopholes of the gig economy that allow “bogus” self-employment practices, which burden
Working parents can start applying for two new Government childcare schemes launching this year – Tax-Free Childcare which begins immediately and 30 hours free childcare which starts in September. This means that
It has also been announced that the second Finance Bill will legislate for all policies that were included in the pre-election Finance Bill but had to be dropped in order to rush
The Government has responded to pressure from accountants and other interested parties and announced the delay of Making Tax Digital for Business to 2020 at the earliest. Quarterly VAT reporting using the
Making Tax Digital (MTD) - July Update On the 13th July Ministers confirmed a new timetable for Making Tax Digital (MTD). From April 2019 businesses with a turnover above the VAT threshold
Tax diary: All the main tax events for July / August 2017 Welcome to this month’s Tax Diary, providing you with all the main tax events for the next couple of months
These are the suggested reimbursement rates for employees' private mileage using their company car from 1 June 2017. Where there has been a change the previous rate is shown in brackets. Engine
In order for an expense to be tax deductible against business profits it must be incurred “wholly and exclusively” for the purposes of the trade. In a recent tax case a hotel
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