HMRC - no more credit card payments please..New year finances. If you blow your cash over Christmas and are planning to pay your self-assessment tax bill (due no later than 31 January 2018) with your
credit card you’ll be out of luck. HMRC won’t accept credit card payments after 12 January 2018. This goes for all tax payments, not just those for...
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HMRC is making changes to two key forms used for reporting benefits in kind. What’s the reason for this and how might it affect you as an employer?
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A retail customer is demanding that you issue him with a VAT invoice instead of a simple receipt. He says the law requires you to do so. Is he just being awkward or does he have a point?
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To release capital tied up in a let property you have remortgaged it. In the past HMRC accepted that the interest paid on this type of loan was tax deductible, but it seems to be changing its view.
What’s the full story?
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In September 2017 the First-tier Tribunal ruled on whether modifications made to three vans, which were available to employees for private use, resulted in them becoming cars for tax purposes. What
was the outcome?
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A director has been injured in a car accident. This has made it difficult for him to commute to the office. The company is paying to provide special equipment at home so he can work. Will this count
as a taxable benefit in kind?
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When you buy machinery for use in your business you can claim tax relief in the form of capital allowances (CAs). You can also claim CAs for “plant”. But what exactly is this?
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Road tax winners and losers..VED changes. On 1 April 2017 major changes to vehicle excise duty (VED) will be made for the first time in 15 years. This includes a 90% hike in the first-year charge for
cars emitting CO2 above 255g/km to £2,000 and revised CO2 charging bands for other cars to take account of reductions in emission levels since VED was...
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The Information Commissioner wants all directors to be made personally liable for any breaches of data protection laws committed by their companies. Will this make it on to the statute books or not?
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A tax and NI exemption for expenses was introduced on 6 April 2016, but with it came extra rules for employers. Unless you follow them HMRC can hit you with a tax and NI bill, plus penalties. How can
you avoid getting caught?
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