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PAYE

New rules for employment allowance

The government has published draft legislation for the new restrictions which will apply to the NI employment allowance (EA) from April 2020. Will your business be affected, and if so, how?
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CAPITAL GAINS TAX

HMRC’s plan to accelerate capital gains tax

Major changes to the tax regime for gains made from the sale of residential property will take effect from April 2020. They will affect how and when you’re required to report and pay capital gains tax. What’s the full story?
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CAPITAL ALLOWANCES

Accurate bookkeeping saves tax!

Correctly recording transactions in your business records is always important but especially so for expenditure on buildings and equipment. How can accurate bookkeeping save you tax?
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PROFIT EXTRACTION

Need a quick dividend - how can it be done legitimately?

You’re one of three directors of a company which usually pays dividends once a year but one of the directors needs the money urgently. The trouble is that two of the directors are out of the UK, so how can a dividend legally be paid?
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BENEFITS

When can you be taxed for parking at work?

Your business has relocated to premises with fewer parking spaces. You’ve rented extras in a private car park a fair walk from the office. This can count as a taxable perk for employees who use them but when does this rule apply?
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INCOME SPLITTING

Husband and wife companies - tax on dividends

You’re about to form a new company of which you’ll be the main income generator. To save tax your spouse will own shares in the company. Should you subscribe for shares and give some to them, or should you both subscribe?
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VAT

Reclaiming VAT on purchases made abroad

Whilst on holiday you find just the thing for your office you’ve been looking for and decide to buy it. As it’s a purchase for your business can you reclaim the foreign VAT you pay?
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PENSIONS - PAYROLL

workplace pension re-enrolment

Last updated: 16.08.2019

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