Apr. 29, 2024
Topical Tips
February 22, 2006
VAT on employee mileage claims
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Potential repayment of VAT… In March 2005 we reported on a new twist in VAT law (see TT62). This arose as a result of the European Court of Justice (‘ECJ’) handing
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January 22, 2006
Self-Assessment Filing Deadline
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Despite the massive annual publicity drive by H M Revenue & Customs (HMRC) to remind people to meet the self-assessment filing deadline of 31 January, many still miss it. Last
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December 22, 2005
Merry Christmas from Barnes Roffe
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TT59Staff Home Computers How you can provide halfprice computers as a tax-free benefit for staff. TT60Company Van Tax Avoiding a benefit in kind for ‘insignificant’ private use of a company van. TT61Companies
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November 23, 2005
Staff Entertainment
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Christmas party time You want to reward your staff at Christmas, but what can you do without landing them a tax bill? Most people are aware of the exemption of
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November 22, 2005
Diesel Company Cars – Tax Change
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The current situation with diesel company cars HM Revenue and Customs imposes a 3% surcharge on the taxable scale charge for diesel-engined company cars registered after 31 December 1997 which
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October 25, 2005
Property & SIPP Update
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With the publicity surrounding the rule changes from April 2006 (‘A Day ‘), most people interested in buying property via pension schemes are aware of the heavy restriction on borrowings
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October 22, 2005
Staff Suggestions Scheme
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Make your business better and save your staff tax! If you run a staff suggestions scheme you can potentially: discover ways to make your business better actively engage your staff
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September 23, 2005
Tax-Free Staff Incentives
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Many of our recent Topical Tips have dealt with various types of tax free ‘perks’ that can be offered to employees and this one is no exception! In this issue
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September 22, 2005
Company Car Fuel Update
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In Topical Tips 53 we dealt with the important saving available if an employee chooses to pay for all fuel in their company vehicle and then claim back money for
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August 22, 2005
Goodwill on Incorporation
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Why is ‘goodwill’ an issue? Goodwill is the difference between the price the purchaser pays for the business and the value of the underlying assets. For example a business might
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July 25, 2005
Business Incorporation
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Many businesses start as sole traders or partnerships, but after a short period of time often expand into serious concerns. It is then that the proprietors usually begin wondering whether
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July 22, 2005
Tax Return Update 2
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Topical Tips 65 dealt with changes to the Income Tax Return situation for 2004/05. This issue deals with some advantages you might be able to claim from HMRC! Approved mileage allowances
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