Some Employment Issues for Your Radar!
Whilst we now have a new UK government, employers, payroll and employment law professionals should not forget the last parliamentary session as we wait for
Some Employment Issues for Your Radar! Read More »
News
Buying a Business and Retaining the VAT Number
When someone buys the trade and assets of a business, they have the option of retaining the VAT number. How is this done, and what
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How Many Miles?
Substantial increases in tax charges over the years have removed much of the attraction of company cars; employees will often, instead, use their own car
Building Trust!
The distinction between legal and beneficial ownership of land and property (in English law) is important. When a dwelling is (say) transferred from one individual
Decisions, Decisions! Partnership Or Limited Company?
A sole trader looking to expand their business might be weighing up the ‘pros’ and ‘cons’ of a partnership or a limited company. They are
Decisions, Decisions! Partnership Or Limited Company? Read More »
Tax Implications of Awarding Shares to Nonemployees
The employment-related securities legislation deals with arrangements involving shares and securities provided by reason of employment where the full value of the employment reward provided
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Don’t Write Off Your Chances of Tax Relief!
Under the loan relationships rules for companies, debits on loan arrangements are not deductible for corporation tax purposes in the following circumstances: Generally, no deduction
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Time to P45 the P45?
Employers complete PAYE form P45 for the leaving employee. In HMRC’s ideal world, a new employee presents their P45; the tax code, previous pay and
Time to P45 the P45? Read More »
VAT: The EU’s Import One-Stop Shop System
Business-to-customer (‘B2C’) sales of goods to the EU can be dealt with in one of two ways, which are at the choice of the supplier.
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In with the New: Basis Period Rules
An individual carrying on a trade, profession or vocation (either alone or in partnership) is subject to income tax (and Class 4 National Insurance contributions)
In with the New: Basis Period Rules Read More »