Insights


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August 22, 2006

Tax-Free Business Mileage Rates


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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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July 22, 2006

Tax Return Filing Deadlines


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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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June 22, 2006

On line Filing Incentives & Van Benefits


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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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May 22, 2006

Classic Car BIK


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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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April 22, 2006

Benefits In Kind Update


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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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March 24, 2006

HMRC Spring/Summer Deadlines


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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

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March 22, 2006

Payroll Return Incentive


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Do you have fewer than 50 employees? If you do, you might qualify for a case of Champagne, or rather a £250 refund from the taxman so you can buy

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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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