Tax

• Cash-Flow Problems Excused Late Tax Payments

  • Posted23 January 2015

  In a decision which will give some comfort to many hard-pressed businesses, a tax tribunal has ruled that a small company’s unexpected cash-flow problems provided a ‘reasonable excuse’ for its...

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• Occupation as Private Residence a Matter of Fact, Rules Tribunal

  • Posted6 January 2015

  Private Residence Relief (PRR) is one of the most valuable reliefs against Capital Gains Tax (CGT). It exempts from charge gains made on the principal private residence of a UK...

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• HMRC Likely to Target Employee Mileage Claims and Expenses

  • Posted22 December 2014

  A recent survey of 1,200 company car drivers found that more than 1,000 admitted to having falsified their mileage claims. 89 per cent had submitted inaccurate claims and 63 per...

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• What a Difference a Few Days Make

  • Posted26 November 2014

  When a business is growing, it is quite common for it to be transferred into a limited company, and a company structure may often be more appropriate for larger businesses. ...

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• Agency Worker Taxation Guidance

  • Posted12 November 2014

  If you employ agency workers, you should be aware that HM Revenue and Customs have issued new guidance on how workers supplied through agencies should be taxed. This reflects...

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• Rugby Sponsorship Claim Fails

  • Posted30 October 2014

  In an important decision for corporate sponsors and those who benefit from their financial help, a fishing company which stumped up £1.2 million in support of its cash-strapped local rugby...

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