IHT planning: gifts from surplus income

Personal Tax

If an individual makes gifts out of their surplus income, they can qualify for an unrestricted exemption - making inheritance tax planning very valuable. But how can they demonstrate their intention to HMRC?

04.03.2021

Don't miss the benefit-in-kind payrolling deadline

Employment law

If an employer provides its employees with benefits-in-kind, it can choose to "payroll" these so the employees can spread the payment of any tax. However, there is a strict deadline to meet to do this. What is it?

03.03.2021

Reclaiming VAT on a garden office

VAT

The pandemic has led to a huge increase in homeworking. If a house is not suited to office working, the proprietor might decide to build a home office in the garden. But can they claim input tax on the associated building costs?

01.03.2021

Delay in challenging repeated sickness meant dismissal was unfair

Employment law

An employment tribunal has ruled that an employee who was dismissed after missing 808 shifts and receiving nearly £100K in sick pay was unfairly dismissed. How was this possible, and how can employers avoid a similar situation?

25.02.2021

Tax-efficient income from a personal company

Business Tax, Personal Tax

There are broadly three ways to extract income from a company but none of them is singularly the most tax efficient. What factors should participators be considering when deciding which one to use?

26.01.2021

Coronavirus: tax treatment of post-cessation grant money

Business Tax

How should coronavirus support payments be taxed if they are paid after a business ceases?

26.01.2021