Article Database

Search results: 9 article(s) found in year 16, issue 15

NATIONAL INSURANCE

HMRC’s spin on the EA rules

One-man companies can no longer qualify for the employment allowance (EA). However, the latest official guidance indicates that this rule may be easy to dodge. What’s the full story? More...

INVESTMENTS

What’s the latest on peer-to-peer lending?

The peer-to-peer (P2P) lending market continues to grow and the government is encouraging it by introducing a number of tax breaks. What are they and how do they work? More...

LOSSES

Transferring trading losses to a company

Your accountant has suggested transferring your sole trader business to a company as it will be more tax efficient. However, there are unused losses in the business. Will the company be able use them to reduce its tax bills? More...

BENEFITS

The suggestion of tax-free benefits

An employee has recommended you start a staff suggestion scheme. Apart from the advantages for your company, payments for suggestions can be tax exempt. Can you start by paying a tax-free sum to the employee who came up with the idea? More...

PENSION

Small pension pots can be tax efficient

When you reach 55 you’re allowed to access your pension savings. The trouble is that doing so can trigger unwanted tax consequences, but there’s an exception for “small pot” payments. Might you be able to take advantage of these? More...

EXPENSES

New expenses rule - is a P11D needed for 2015/16?

An employee recently put in an expenses claim for the last three months. Most of it relates to 2015/16, but he was reimbursed in 2016/17. Your bookkeeper isn’t sure what to enter, if anything, on the P11D for 2015/16? More...

VAT

VAT MOSS - where are we now?

HMRC’s mini one stop shop (MOSS) for accounting for VAT on digital services sold in other EU countries seems to have settled down. HMRC has also simplified the rules for some businesses. How might these changes affect you? More...

COMPANY CARS

New car, new tax code and more services

CAPITAL ALLOWANCES

Time is running short for BPRA claims

Last updated: 07.08.2020

More from Indicator - FL Memo Ltd