Making a Withdrawal! Company Profits
Last updated: 14 October 2026 Once a sole trader or partnership has incorporated, the owner or partners can no longer help themselves to the business’s
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Company Loans for the Owners
Last updated: 14 October 2026 The cheapest personal bank loan rates are double what they were 18 months ago, though this has stabilised recently. Currently,
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What’s in a Name? Distributions in Specie
I was asked a question recently about a transfer of shares between a 60% subsidiary to its holding company and whether this would be better
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Personal Car or Company Car?
Compares the tax implications of a personal and company car when used in an individual’s employment. Given the reliance on and impact of cars, special
Personal Car or Company Car? Read More »
VAT: Service Charges on Commercial Property
It is common for leases between landlords and tenants to give details of what services the landlord shall provide and what the tenants shall pay
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Spring Budget 2024: Tax Rates and Allowances
Income tax rates: England, Wales & Northern Ireland (non-dividend income) (note 1) 2024/25 2023/24 0% starting rate for savings only Up to £5,000 Up to
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A Guide to the Spring Budget 2024
The Headline Message from the Chancellor The Chancellor delivered his last spring budget ahead of the election highlighting reforms aimed to ensure the tax system
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Not the Usual Suspects!
Many in business will trade through the medium of a limited company and the directors will generally be remunerated by the payment of dividends or
Not the Usual Suspects! Read More »
Because you’re An Employee!
Looks at what ‘by reason of employment’ means and a Supreme Court decision highlighting its significance for tax purposes. The UK tax system is full
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Going to the OpRA!
There are instances where choosing to take a benefit-inkind rather than salary may not produce a reduction in tax or National Insurance contributions for employee
Going to the OpRA! Read More »