Newsletters
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Business expense trap for companies and directors
During the pandemic a company was struggling for cash. To help, the directors didn’t claim reimbursement of business expenses they incurred. However, the company can now afford to pay them back. Will this cause a problem?
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Uber case has wider implications
The High Court has ruled that under the agent and principal rules Uber must charge VAT to its customers. Previously, the practice was to treat the driver as the principal. What could this mean for businesses?
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Summer party for staff: taxable or exempt?
A company is looking to hold a summer event for its staff. It's not sure what form this will take as yet, but the tax and NI position will be a factor due to the cost. What are the rules here?
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New green tax now in effect
Since 1 April 2022, there’s the new plastic packaging tax to consider. Which businesses are likely to be affected, and what do they need to do to comply with the new reporting requirements?
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Is it worth taking a salary from a new company?
An individual used their personal savings to fund a start-up. They expect it to take a year until it will be financially self-sufficient. They can’t see the point of taking a salary from the company until then, but might they be losing tax and other advantages?
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Abolition of basis periods - an opportunity for loss relief
The abolition of tax basis periods will result in many sole traders paying more tax sooner than under the current rules. But, for those who have made losses in recent years it might offer a chance for extended tax loss relief. How does it work?
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