Tax - Expenses

Recently added Tips & Advice

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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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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EXPENSES - HOMEWORKING - 08.06.2020

Making an expenses claim

If you’ve worked at home because of coronavirus you might have incurred extra costs for which you can claim a tax deduction. How do you make the claim and what happens after the tax year ends?
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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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STAFF MOTIVATION - 04.06.2020

Promoting from within

Recruiting a junior member of staff can cost £4,000 and there’s always a risk it won’t work out. Internal promotions can be an appealing alternative but what steps do you need to take to increase the chances of it working out?
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Tax - Expenses

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 ...
Read more

EXPENSES - HOMEWORKING - 08.06.2020

Making an expenses claim

If you’ve worked at home because of coronavirus you might have incurred extra costs for which you can claim a tax deduction. How do you make the claim and what happens after the tax year ends?
Read more

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. ...
Read more

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