HMRC is inviting eligible businesses to pilot Making Tax Digital. Will you be asked to take part and if you are, should you bother?
The First-tier Tribunal recently ruled that a business was liable for an employee’s PAYE bill which resulted from her failure to complete the “starter checklist”. What steps should the employer have taken to protect itself?
If your company owns shares in another and plans to sell, any gain it makes can qualify for a special tax exemption. But it won’t apply unless conditions are met. If they aren’t, what steps can you take to reduce the tax bill?
You split your time between two companies and each pays you a modest salary below the NI threshold. During a PAYE inspection you were told that in future one of the companies must pay NI on the combined salary. Is HMRC correct?
One of your employees has been with you for 25 years and you want to reward him. HMRC allows some types of long-service gift to be tax free, but the exemption isn’t very generous. Is there a better option?
Making gifts, especially sizeable ones, usually reduces the potential inheritance tax bill on your estate as long as you survive seven years. But tricky rules can mean this won’t always be achieved. What traps should you look out for?
Where you supply goods or services to a business associated with yours or make a barter deal, you might charge a different price compared with a normal sale. Can HMRC force you to account for VAT on the market value of supplies?