Directors loans – tax implications
Lending money to your company If you lend money to your company, the tax effects are as follows: · Your company will not pay corporation
Lending money to your company If you lend money to your company, the tax effects are as follows: · Your company will not pay corporation
It is not difficult to gauge the focus of our tax collectors. Since the Brexit vote, 23 June 2016, and the change in government leadership,
Legal responsibilities We are often asked to clarify the responsibilities that directors take on when they agree to become directors of limited companies. A summary
George Osborne’s summer budget 2015, and the subsequent Finance (No2) Act 2015, introduced far ranging changes to the income tax relief that can be claimed
Philip Hammond has announced the date for the Autumn Statement: 23 November 2016. In the past, Chancellors have used the occasion to set the scene
The Financial Secretary to the Treasury, Jane Ellison MP, announced last week that HMRC has collected £3 billion up-front from tax avoiders. The move continues
There are a number of considerations that home owners will need to consider if they are letting out part of their home. The following points
A former City trader has been hit with a £2m-plus confiscation order for concealing assets from his bankruptcy trustee and thus, his creditors. Tahseen Goni,
1 September 2016 – Due date for Corporation Tax due for the year ended 30 November 2015. 19 September 2016 – PAYE and NIC
Thousands of British organisations will receive guarantees over EU funding in a new move by Chancellor Philip Hammond last month. Key projects supporting economic development across the
A reminder, that if either parent’s income exceeds £50,000 this will affect eligibility for Child Benefits. A tax charge, known as the ‘High Income Child
Tax evaders are set to face tough new sanctions under plans detailed by HM Revenue and Customs today. The proposals will mean that those who
If you’re a parent and receiving Child Benefit, you need to inform HM Revenue and Customs of your child’s educational status before 31 August. If
Bona Vacantia is a Treasury Solicitor’s department that manages unclaimed estates. This includes not only the estates of individuals who die without any heirs, but
The government have backed down from their proposal to dump a new raft of compliance activity (red tape) on smaller businesses. In their efforts to