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PAYE settlement agreements – What are they and how do you set one up?
The usual method of declaring employees’ benefits in kind and taxable expenses is via the annual P11D form submission. Employers can also…
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Can mileage claims include loan interest?
Our latest article looks at the question “Can mileage claims include loan interest?” Our blogs are a free source of information. The…
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Reporting payment to HMRC if you pay your employees early in December
Strict reporting deadlines apply under Real Time Information (RTI). Employers are required to report employees’ pay and deductions to HMRC electronically on…
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Can you benefit from the marriage allowance?
The marriage allowance is not a separate allowance as such – rather, it is a transfer of part of one spouse or…
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Reclaiming section 455 tax paid
In personal and family companies, directors often borrow money from the company as this is a cheaper and easier option than taking…
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Beware property PM partnerships involving hybrid arrangements
HMRC has recently published a spotlight warning landlords to avoid schemes offering hybrid property arrangements that purport to save tax. HMRC’s view…
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Divorce and the former marital home
On separation or divorce, it is common for one spouse to move out of the family home and for the other spouse…
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Is it time to disincorporate?
Our latest blog blog considers the burning question “Is it time to disincorporate?” There are many reasons why people may decide to…
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Submit your tax return by 30 December to have your tax collected through PAYE
Although the deadline for submitting your 2022/23 tax return online is midnight on 31 January 2024, if you owe tax and you…
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When does period of ownership for PRR start?
Private residence relief (PRR) removes the capital gains tax charge that would otherwise arise on a gain on the disposal of an…
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