Article Database - Topic: 'Loans' - Keyword: 'Employees'

 
Writing off an employee’s loan Publication date: 08.06.2020
Article database » Loans » Employees
One of your employees is critically ill and may not survive. You’re continuing to pay their salary in line with their employment contract. However, as a goodwill gesture you also want to write off their season ticket loan. What are the tax consequences?
More
Writing off a debt owed by an former employee Publication date: 12.12.2019
Article database » Loans » Employees
An employee left their job with your company a year ago. They owed it £1,500 for a season ticket loan. You lost track of them so the directors have decided to write off the debt. What are the tax consequences?
More
New review of loan charge announced Publication date: 02.10.2019
Article database » Loans » Employees
HMRC’s deadline for reporting disguised remuneration involving loans was April 2019. However, the government has ordered a new review. How might this affect you and your business?
More
Do you have to declare a company loan? Publication date: 05.03.2014
Article database » Loans » Directors
Last year you used £15,000 of company money to buy yourself a new car. Both you and your company will have to declare the loan to HMRC. Is there a legitimate way to avoid having to do this?
More
Termination payments and company loans Publication date: 02.05.2013
Article database » Loans » Employees
Where the balance of a loan to an employee, say a season ticket loan, is written off as part of a severance deal, it can result in hefty tax and NI charges. How can you structure the pay-off to avoid these?
More
Does a car loan count as disguised remuneration? Publication date: 24.02.2012
Article database » Cars » Authorised Mileage Rate
You’ve heard about the possible tax savings of employee car ownership schemes (ECOSs), but one of your colleagues has warned that these can be caught by the Taxman’s “disguised remuneration” anti-avoidance rules. Is he right?
More
Extra sales Publication date: 27.09.2007
Article database » Employees » Loans to
Your company’s salesman receives a monthly salary plus a commission based on sales. They’ve now asked if you could lend them £15,000 to be repaid from their commission. What’s the Taxman likely to think about all this?
More

Filter results

Filter your search results by resource type or topic/keyword.

Topics and keywords

        Show all (4604)
Last updated: 31.07.2020
Search
tax-saving-advice.co.​uk

More from Indicator - FL Memo Ltd