Personal Expenses and Tax

by | Mar 7, 2013 | employees, employers, expenses, HMRC, tax

This crops up time and time again and so we thought we’d write up a little article to let you know where you stand with the taxman and how it works. The basic rule for work-related expenses is that they are tax deductible where they are incurred wholly and exclusively...

RTI Penalties

by | Dec 16, 2012 | employers, HMRC, PAYE, tax

RTI Penalties HMRC had threatened penalties for those employers that don’t comply with the new RTI rule, here’s an update to see what the latest is. What is RTI? (Real Time Information) Starting from April 2013, all employers must send details of salary, tax and...

Key Points from the Autumn Statement 2012

by | Dec 6, 2012 | HMRC, tax

George Osbourne has delivered his 2012 Autumn Statement we’ve summarised the key points covering business, individuals & pensions. BUSINESS The small companies rate of tax is to be left at 20% but the main corporation tax rate will be cut by a further 1% to 21% by...

Changes in VAT & Entertaining

by | Dec 22, 2011 | HMRC, VAT

Following a case in the European Court of Justice, HMRC has changed its position relating to recovery of input tax on entertainment expenses. Historically input tax has never been claimable since VAT was first introduced in the UK but following the Danfoss and Astra...