EXPENSES - 08.07.2024
Benchmark subsistence rates - are they worth it?
As an employer you don’t want to waste valuable time on avoidable admin tasks such as processing scores of expenses claims for employees’ subsistence claims. Might benchmark rates be a viable alternative?
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HOMEWORKING - 01.07.2024
Creating a home office tax efficiently
You want to erect a cabin in your garden to use as a home office. You and your family will also use it for private purposes. Will it be more tax efficient for you or your company to pay for it?
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EXPENSES - 24.06.2024
What household expenses can you claim?
Your home-based business is thriving and there’s little time for admin tasks. Nevertheless, keeping detailed records is a necessary but time consuming evil. What steps can you take to simplify this without losing out on tax relief?
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CARS - 12.06.2024
Latest advisory fuel rates
New rates. HMRC has published its latest advisory fuel rates (AFRs) for the quarter commencing 1 June 2024. You can continue using the old rates until 30 June 2024 if you wish. The table below shows the old rates in brackets. Employee reimburses employer. If you pay for fuel that employees use for private journeys in a company car or van and the employee reimburses you at the appropriate AFR, the car/van fuel benefit in kind won’t apply. Employer reimburses employee...
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EXPENSES - 03.06.2024
Make personal expenses tax efficient
Your daughter has just left school and wants to take a vocational course. It will cost around £4,000. If you got your company to pay for it, will it be more tax efficient than meeting the cost from your pocket?
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TRAVEL EXPENSES - 21.05.2024
Does mixed purpose mean travel expenses are taxable?
A client pays for an employee to go on a business trip for several weeks in Italy. The employee spends her free time exploring the area she is staying in and going on sightseeing trips. Does this dual purpose mean there’s a tax problem?
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