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Search results: 40 article(s) found in topic: Expenses - keyword: Miscellaneous

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EXPENSES

Is the cost of entertaining a director tax deductible?

One of our subscribers, who runs a one-man company, wanted to know if he was entitled to a tax deduction for the cost of an extravagant meal with his partner following the completion of a successful contract? More...

EXPENSES

Employee expenses reform

The government intends to reform the tax rules on employee expenses. Its first step is to ask employers about the policies and systems. Will this involve more work for you? More...

EXPENSES

Can you supply clothes tax and NI free to staff?

You want to provide your staff with uniforms in keeping with your firm’s corporate image, but understand they count as a taxable perk unless conditions set by HMRC are met. How can you avoid a tax charge from arising? More...

ACCOUNTS

Cash basis extended and limits raised

HMRC has recently announced changes to the cash basis for accounting taxable profits. What are they and can you take advantage? More...

EXPENSES

Is there a problem with the new expenses exemption?

Owner managers of companies, especially recently formed ones, could be caught in a trap inadvertently created by the job expenses exemption that was introduced for 2016/17. What’s the problem and is there a solution? More...

EXPENSES

HMRC’s updated list for approved expenses

EXPENSES

Can you get a tax deduction for business clubs?

You and other local business owners want to form an association. The idea is to pool ideas and discuss issues that affect your businesses in a social environment, say, over a meal. But will the association’s costs be tax deductible? More...

EXPENSES

Is your assistant (tax) efficient?

In your role as a director having a good assistant is invaluable. But if your company can’t or won’t pay them, can you? If you pay them direct, can you claim tax relief for the expense? More...

EXPENSES

Tribunal rules training costs were not tax deductible

An employee who underwent training for his job claimed the cost as a tax deduction. HMRC refused to allow it and the First-tier Tribunal agreed with it. What were the tribunal’s reasons and can training costs ever be tax deductible? More...

ACCOUNTS

When can HMRC refuse a deduction?

You’re having your offices repainted and the decorator has asked to be paid in cash. You would prefer not to, but as he comes highly recommended and is cheap you’ve agreed to go along with it. Will this cause trouble with the Taxman? More...
Last updated: 03.07.2020

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