National Living Wage 2020
National Living Wage 2020 From 1 April 2020, nearly three million workers are set to benefit from increases to the National Living…
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Year-end checking of directors’ NICs
Year-end checking of directors’ NICs To prevent manipulation of the NIC earnings period rules to reduce contributions, directors liable to Class 1…
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Advisory and approved fuel rates – What are they and how are they claimed?
Advisory and approved fuel rates – What are they and how are they claimed? The subject of allowable mileage rates for tax…
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What to do if you need to change your tax return
What to do if you need to change your tax return You made it and filed your self-assessment return for 2018/19 by…
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Incidental overnight expenses
Incidental overnight expenses A tax exemption enables an employer to meet small personal expenses when an employee stays away from home for…
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Making the most of pension tax allowances
Making the most of pension tax allowances Pension savings can be tax efficient as contributions to registered pension schemes, attracting tax relief…
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Trivial benefit traps – Contractual obligations
Trivial benefit traps – Contractual obligations The trivial benefits exemption allows employers to provide employees with low cost benefits free of tax…
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Reporting low emission vehicles – Changes from April 2020
Reporting low emission vehicles – Changes from April 2020 From 6 April 2020, new appropriate percentage bands – and new lower charges…
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Reduced payment window for residential property gains
Reduced payment window for residential property gains Currently, capital gains on the sale of residential property in the UK are reported on…
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Potential benefits of putting a property into joint names prior to sale
Potential benefits of putting a property into joint names prior to sale Where a property qualifies in full for private residence relief,…
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