Category Archives: Uncategorised
June 11, 2019
Van or company car: what’s the real thing?
The phrase ‘define your terms’ could have been invented for the benefit-in-kind rules around company cars. A recent case that ended up in the Upper Tribunal between Coca-Cola and HMRC illustrates the importance of understanding when a van is a van – or legally a car.
June 06, 2019
Section 13 – Lucky for some!
Whilst we are in the season for P11D completion, reporting the employer provided benefits and expenses not put through payroll, we thought it might be timely to recall some benefits you don’t need to include on the form.
June 04, 2019
Payslips for all
It may have come as a surprise to realise that until this April, not all workers were entitled to a payslip. From 6 April, all workers now have a statutory right to receive an itemised payslip, including zero hour and casual workers. Up to that date, the right only extended to employees.
May 28, 2019
Record IHT take parallels estate planning confusion
While the Treasury benefitted from record inheritance tax (IHT) receipts of £5.2bn in 2018, new figures show that many people are unaware of how the IHT system works or how it could help them pass their wealth to their beneficiaries.
May 21, 2019
Doctors tapering off as pension tax rules bite
Measures designed to limit the cost of pensions tax relief to the Treasury are having some unwelcome consequences, as some senior doctors have found their incomes disappearing. Some members of the medical profession have found changes to legislation mean their earnings are getting swallowed up by the tax system.
May 14, 2019
Painful lessons from the loan tax charge
5 April also marked the deadline from which those still affected by loan schemes will now have to pay a potentially punishing tax bill. The controversy surrounding the loan charge deadline is a reminder of the dangers of aggressive tax planning.
May 07, 2019
Probate fees hike delayed
An expected revision of the probate fees structure for England and Wales set for 1 April has been delayed. The proposed changes will increase the cost of probate from the current single, flat charge of £215 to a minimum of £250.
May 01, 2019
Company of Good Standing?
I was recently requested to provide a client with an up to date ‘confirmation of good standing’ in connection with a tendering process in China and must admit I had not come across this before.
April 30, 2019
Property tax payment window cut
From 1 March the timescale for payment of stamp duty land tax (SDLT) in England and Northern Ireland has been cut in half. Both residential and commercial property transactions now have only 14 days to pay SDLT. The cut, down from 30 days previously, affects all property transactions in the two countries.
April 23, 2019
Remember the Spring Statement?
The Chancellor’s Spring Statement could easily have passed you by as March was dominated by other high-profile events. Ever since he announced a move to an Autumn Budget in 2016, Philip Hammond has made it clear that he wanted to avoid the Spring Statement becoming a mini-Budget.1 2 3 … 9 Next »