Tax - Employment taxes

Recently added Tips & Advice

PENSIONS - 07.07.2020

Pensions auto re-enrolment duties

Many small employers who auto-enrolled staff into a workplace pension for the first time in 2017 are now facing auto re-enrolment. What do you need to know to ensure a pain-free process?
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CORONAVIRUS - VAT - 07.07.2020

VAT trap for private use of company vehicles

In the last few months there’s been little work for two of your employees but they’ve continued to have use of their company vans, including for personal journeys. Does this affect what you need to report on your next VAT return?
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EXPENSES - 07.07.2020

More news on homeworking expenses

Home equipment. We recently told you about a new tax and NI exemption which applies where employers reimburse an employee the cost of equipment, e.g. a computer, so that they can work at home if they need to because of coronavirus ( yr.20, iss.17, pg.1 , see The next step ). HMRC has now published further guidance which adds an interesting spin to the exemption. ...
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LOSSES - 07.07.2020

Tax-efficient incorporation of a loss-making business

You’re about to transfer your sole trader business to a company of which you’re the main director and shareholder. The business made losses in the last trading period before the transfer. How can you maximise tax relief for these?
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TAX - BENEFITS - 07.07.2020

Personal use of company stock - the taxable benefit trap

In recent months you’ve taken a number of products and materials from your business. You know there will be a tax bill for this but might HMRC ask for more than you bargained for?
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BICYCLE SCHEMES - 06.07.2020

Time for staff to get on their bikes?

With fears about travel, and pressure on public transport to operate effective social distancing measures, there’s been a lot of talk about commuting to work on a bike. Is it time to consider introducing a bicycle scheme at work?
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Tax - Employment taxes

Most read Tips & Advice

CARS - 08.06.2020

Advisory fuel rates fall significantly

New rates. HMRC has updated its advisory fuel rates (AFRs) for company cars from 1 June 2020. The old rates (shown in brackets in the table below) can be used until 30 June 2020. To avoid a car fuel benefit charge, employers and employees can compensate each other at the appropriate AFR for the cost of fuel paid for by the other. Because there’s wide variation in fuel prices across the UK you may prefer to work out your own fuel rates. HMRC will accept these as long as they are reasonable ...
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New guidance on salary deductions

There’s new guidance about deductions from pay for employees furloughed under the Coronavirus Job Retention Scheme (CJRS). What’s the full story?
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Exemption for homeworking expenses

The government has announced a new tax exemption for employees who work from home and need to buy equipment to do their job. What’s the full story?
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