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Extracting Cash From A Family Company

In determining the most tax-efficient way to extract cash from a family company, it is necessary to take into account individual circumstances. There is no one size fits all. The optimal strategy will...

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Tax-Free Mileage Payments

Tax-Free Mileage Payments Many employees use their own vehicles for business journeys. Under the approved mileage allowance payments (AMAP) scheme, employers can make tax-free and hassle-free payments...

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Miss the tax return deadline at your peril

Personal tax returns for the 2014/15 tax year (which ended on 5 April 2015) must be filed online by 31 January 2016 at the latest. Any remaining tax due for the 2014/15 tax year must also be paid by...

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HMRC interest rate cut

Following the Bank of England’s cut in its base rate from 0.5% to 0.25% on 4 August, HMRC has decided to cut some of its rates. Good news. With effect from  23 August 2016, HMRC is cutting the interest...

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Latest HMRC telephone scams

There are two new HMRC telephone scams to be aware of: Scam 1. HMRC has become aware of a telephone scam where a recorded message is left, allegedly from HMRC, that starts: “This is Her Majesty’s...

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