Tax Tips

Q. My company owns a car which is used during the day by various employees for business travel only. However, since there is no overnight parking facility at our business premises, one of my [...]

2 – Last day for car change notifications in the quarter to 5 April – Use P46 Car 19/22 – PAYE/NIC, student loan and CIS deductions due for month to 5/5/2017 31 – Deadline [...]

8 – Spring Budget 2017 19/22 – PAYE/NIC, student loan and CIS deductions due for month to 5/3/2017

Q. Will I have to pay stamp duty land tax on a property I am about to inherit? A. Stamp duty land tax (SDLT) is generally payable on land transactions. There is a land transaction when land [...]

HM Revenue & Customs (HMRC) has changed the advisory fuel rates for company cars with effect from 1 March 2017, but for one month from the date of change, employers may use either the [...]

Initially announced at the time of the 2016 Budget and following a period of consultation, Finance Bill 2017 contains provisions to reform the tax treatment of certain types of carried-forward [...]

The Treasury has confirmed details of the new Pension Advice Allowance, which will take effect from April 2017, and which will enable people to withdraw £500, on up to three occasions, from their [...]

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 [...]

The new Apprenticeship Levy takes effect from 6 April 2017. Although the levy affects employers in all sectors, it will only be paid on annual pay bills in excess of £3 million – this means that, [...]

The Government has confirmed that the proposed increase in the rate of Class 4 National Insurance Contributions, paid by the self-employed on profits from a business, will not now take effect [...]