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Search results: 4 article(s) found in topic: Loans - keyword: Employees

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LOANS

Do you have to declare a company loan?

Last year you used £15,000 of company money to buy yourself a new car. Both you and your company will have to declare the loan to HMRC. Is there a legitimate way to avoid having to do this? More...

EMPLOYEE LOANS

Termination payments and company loans

Where the balance of a loan to an employee, say a season ticket loan, is written off as part of a severance deal, it can result in hefty tax and NI charges. How can you structure the pay-off to avoid these? More...

COMPANY CARS

Does a car loan count as disguised remuneration?

You’ve heard about the possible tax savings of employee car ownership schemes (ECOSs), but one of your colleagues has warned that these can be caught by the Taxman’s “disguised remuneration” anti-avoidance rules. Is he right? More...

REMUNERATION

Extra sales

Your company’s salesman receives a monthly salary plus a commission based on sales. They’ve now asked if you could lend them £15,000 to be repaid from their commission. What’s the Taxman likely to think about all this? More...
Last updated: 18.10.2018

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