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...
View ArticleTax-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...
View ArticleMiss 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...
View ArticleHMRC 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...
View ArticleLatest 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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