15 - June 2019Do you visit other offices or are you seconded to a different workplace? Make sure you’re getting the tax benefits
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Travel expenses and the 24-month rule As a general rule, employees are denied a tax deduction for the cost of travel between home and work. Likewise, subject to a few limited exceptions, if the employer meets the cost of home to work travel, the employee is taxed on it. One of the main exceptions to […]
13 - June 2019If you might want to sell a property cheaply to a family member make sure you read this first.
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At first sight, the calculation of a capital gain or loss on the disposal of an asset is relatively straightforward – simply the difference between the amount received for the sale of that asset and the cost of acquiring (and, where relevant) enhancing it, allowing for the incidental costs of acquisition and disposal. However, as […]
11 - June 2019There are loads of ways to give to charities tax-free. What are your favourite charities?
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Individuals who donate to charity can do so tax-free. There are various ways of making tax-relieved gifts to charity – the way in which the relief works depends on whether the donation is made via Gift Aid, as a deduction from wages or a pension via the Payroll Giving Scheme, in a will or whether […]
09 - June 2019If you’re an employer, make sure you’re up to date on the latest Employer Bulletin on diesel supplements.
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Employees with a company car are taxed – often quite heavily – for the privilege. The charge is on the benefit which the employee derives from being able to use their company car for private journeys. The amount charged to tax is a percentage of the ‘list price’ of the car – known as the […]
07 - June 2019Do you run a business? Should you register for VAT? What are the conditions? We answer all these questions here
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All traders – whether sole traders, partnerships, or limited companies – are obliged to register to charge and pay VAT once annual sales reach a pre-set annual threshold. This threshold remains at £85,000 for the year commencing 1 April 2019. The annual VAT threshold is determined by total sales and is not the same as […]