News & views

When an employee or director has use of a company car, they are subject to benefit in kind tax. The amount of tax payable depends on the car’s value when new, and the CO2 emissions it produces. Therefore, an employee with a 1.2l petrol Toyota will pay much less tax than one with a 2.0l diesel Audi. 

With the introduction of the finance restriction in April 2007 (F(No.2) A 2015 s.24)  for individuals owning buy to let properties, many landlords looked at the benefits of transferring their properties to a limited company.

I have been appointed as executor - when does this start?

As an executor or personal representative you may consider that your responsibilities start at the date of death. 
 

Academies must submit their three-year budget forecast return (BFR3Y) to the Education and Skills Funding Agency (ESFA) by 30 July 2019.
 

Here are some important tax dates for your diary. 

New defensive controls recently deployed by HMRC have put an end to fraudsters spoofing the tax authority’s most recognisable helpline numbers.

It looks increasingly likely that we are heading for a no-deal Brexit. Taken literally, this means that our present relaxed trading relationship with customers and suppliers in the EU will cease at the end of October this year.

The government have recently announced that they are to extend the criteria for an approved, and therefore tax-effective, cycle-to-work scheme as part of their drive to reduce pollution and CO2 emissions in urban environments.

From 1 October 2019, contractors who employ subcontractors, will need to assume responsibility for declaring and paying the VAT that was previously settled by their VAT registered subcontractors.

HMRC is writing to charities to inform them of the latest changes to VAT relief on social media advertising.