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In 2002 the Chancellor introduced a nil rate of Corporation Tax for companies with profits of up to £10,000. It was an untypically naive move that led to a rash

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The changes to the Construction Industry Scheme (‘CIS’) as outlined in Topical Tips 85 in September are making contracting companies and construction agencies nervous. This is because the tax implications

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Company car, but no private fuel In Topical Tips 84 we dealt with the tax-free mileage rate that can be paid to employees to reimburse them for petrol on business journeys when

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Changes to exemptions The rules regarding the tax exemption for mobile phones were substantially amended by the Finance Act 2006, and this impacts from 6 April 2006. The changes are:

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It’s back to where we were! In 2002 the Chancellor introduced a nil rate of Corporation Tax for companies with profits of up to £10,000. It was an untypically naive

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Changes for next tax year In April 2007 the Construction Industry Scheme (‘CIS’) taxation regime will change significantly.These are the main points: The subcontractor will no longer present the contractor

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Money-saving update on company car fuel In Topical Tips 53 and Topical Tips 69 we dealt with the important saving available if an employee chooses to pay for all fuel in their company vehicle

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Few people will have noticed that the last Budget hid a sneaky announcement by the Government that dramatically shortened the time taxpayers have to file their income tax returns. Few

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All may not be what it seems We all welcome Gordon Brown’s strenuous efforts to reduce the tax burden, or even to send us money tax-free, and recently he has

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There is special legislation to deal with the benefit in kind (‘BIK’) value of certain classic cars because their list price will be low compared with their current value. The

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No more tax-free computers! Disappointingly, last month the Chancellor of the Exchequer used the 2006 Budget to remove an important and useful tax break on staff benefits. As explained in

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As we approach the busy season for filing returns with Her Majesty’s Revenue & Customs (HMRC) and Companies House, here is a summary to help you meet the deadlines. April