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You are currently browsing the archives for the Company Tax category.
HM Revenue & Customs (HMRC) is under relentless pressure to raise money for the government from increased tax receipts. Inevitably that means more tax and VAT investigations. In 2018-19 HMRC collected £34.1 billion through compliance activity. How is HMRC collecting more money? HMRC’s Connect System is an £80m investment programme and now contains over 22bn[…] Read more »
The Spurling Cannon Community Fund (SCCF) April 2017 Update Every year, The Spurling Cannon Community Fund (SCCF) supports a local charity close to our hearts. Although we aim to raise funds for the chosen charity through events such as our annual golf day, and sponsored bike ride, we also donate our time to help where[…] Read more »
PAYING EXPENSES TO EMPLOYEES – What to report? As an Employer, what do I have to report to HM Revenue & Customs, when paying expenses to employees, or reimbursing them for costs incurred on behalf of the business? And do I have to deduct tax and National Insurance? The rules in this respect[…] Read more »
Salary vs Dividend Newsletter issue – March 2017. The questions surrounding the issue of how best to extract profits from a company in a tax-efficient manner remain as popular as ever. Despite the introduction of the dividend allowance, and the personal savings allowance, extraction by remuneration and by way of dividend remain the two most[…] Read more »
Company cars: ultra-low emissions vehicles Newsletter issue – January 2017. At Budget 2016, the government said it would consult over the Summer on changes to the ultra-low emission vehicles (ULEV) bands for taxing company cars to ‘focus incentives on the very cleanest cars’. As a result of the consultation, HMRC have now published details of eleven[…] Read more »
Spread a little Christmas Cheer (and why not extend it to the rest of the year too) I know what you’re thinking. ‘It’s only October – can we pleeeeease not talk about Christmas already’. But a successful and happy family Christmas doesn’t just happen. It takes work and planning. Like running a business. You can’t[…] Read more »
Additional Tax Relief for Innovative Companies The good news For every £100 spent on Research & Development (R&D) you could get £46 knocked of your tax bill, with the government encouraging small firms to claim where applicable. The bad news – What you need to do You, or someone in your company, will have the[…] Read more »
Getting your finances into Summer shape It may still be spring but Summer is approaching quickly and it’s time to kick up the intensity in your workouts so you can look great at the beach or just walking around town. Here are my top tax tips for getting your finances in the best[…] Read more »
Pre 5th April 2015 Checklist Pay a Pension Contribution Did you know – You can receive 20% tax relief on a pension contribution even if you don’t pay tax! The maximum a non tax payer can contribute is £3,600 gross – a payment of £2,880 to which the tax man adds £720! If you do[…] Read more »
A (Christmas) meal on the tax man (or rather 20% of it)? If it complies with the conditions, a company which has no employees other than a single director might arrange and pay for a meal for the director and a family member as a guest, as a business expense. 20% of the cost will[…] Read more »
