As Christmas Party Season is now approaching, what constitutes as a Staff Christmas Party? More importantly, what is an allowable Christmas Party for Tax Deduction? DISCLAIMER – Please note that the content contained in this article is for general information only and is not a substitute for professional advice – read our full disclaimer
What is the dividend allowance for the 2018/19 year? What are its effects and what therefore does it mean to me and my business? Past and Current dividend allowances The current dividend allowance for the 2018/19 tax year has reduced from £5,000 to £2,000. This will then determine the way in which a company or …
Influencers and Tax! Are you a Social Media Influencer, Vlogger or Blogger? Did you know you may have to pay Tax on your online earnings? What is a Social Media Influencer, Vlogger or Blogger? The above terms are effectively referring to online/ digital entrepreneurs, using various types of Social Media. Examples of such platforms are …
HMRC are issuing controls which should prevent fraudsters from spoofing HMRC’s most recognisable 0300 numbers. How are HMRC controlling the issue? HMRC have recently issued a warning of the increasingly mimicked legitimate HMRC helpline numbers (usually beginning with 0300) to steal tax payers money. When taxpayers check the number online, they believe it to belong …
Supply chain fraud can manifest itself in many forms. Here we will concentrate on payroll services. Due Diligence when Choosing a Payroll Provider HMRC have recently issued a warning in their Employer Bulletin 78. The warning relates to supply chain fraud in payroll services/providers. It warns employers to undertake the following. Sufficient and proportionate due …
Re-enrolment into workplace pension scheme must be completed by employers every 3 years. Even if the staff member has opted out they must be re-enrolled. Compliance with the Pension Regulator Since the introduction of the workplace pension scheme, all staff had been given the opportunity to opt out of auto enrolment. This is still the …
Mileage claims are a popular way of businesses reimbursing Directors and Employees for using their own personal car. But did you know that you can also include VAT on mileage claims? VAT can only be reclaimed on the fuel element so read on to see how you can reduce your VAT liability by calculating VAT …
What will VAT after Brexit mean for you and your business if “No Deal” becomes a reality Although, we are yet to have an outcome, this is what the government believe VAT after Brexit “No Deal“ will mean for you. VAT after Brexit – if there’s no deal? The top priority of the government is …
The married couples allowance for 2019/20 is £250. This is tax free cash which an estimated 700,000 couples don’t claim. Better still, you can claim back for the previous 4 tax years. As a result the total tax rebate can be as high as £1,150. This total is explained later. What is the Married Couples …
HMRC have announced today, 6th September 2019 that there will be a delay in VAT Reverse Charge implementation. This will come as a welcome relief for most Construction Industry businesses, as many were unaware of the major changes. The delay in VAT Reverse Charge will be for a period of 1 year. As a result …
Delay in VAT Reverse Charge for the Construction Industry by 1 Year Read More »