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No such thing as a (tax) free lunch?
Personal TaxYou run a small consultancy company and treat your staff to lunch in the office once a week. Your bookkeeper says it’s a taxable benefit in kind because staff lunches are only exempt if they are provided in a workplace canteen. Is this correct?
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Could a special method increase your profits?
VATYour business has used the same partial exemption method for many years. Is it time to consider if a different method will improve your input tax recovery?
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EVs and the tax-free mileage allowance
Personal TaxYou’re a director and regularly use your electric vehicle (EV) for business journeys. Your company provides a workplace charger which is free for all staff to use. Does the origin of the electricity impact your claim for tax-free mileage?
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Investing: loans vs shares
Personal TaxYou have the opportunity to invest in a promising start-up company. You can either purchase shares or lend it the money. What are the potential tax consequences you need to factor in when making your decision?
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Are you overlooking company pension contributions?
Personal TaxHaving your company top up your pension is one of the most tax-efficient ways to extract profits, yet many owner managers still default to taking a combination of salary and dividends. Are you ready to take your tax planning to the next level?
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Can officers ignore minor input tax errors?
VATIf your business has claimed input tax on an invoice where the supplier has charged VAT incorrectly, HMRC can disallow your claim by issuing an assessment. Can the officer waive that power to achieve a common sense outcome?