When is a company van not a van?

October 19th, 2017     Tax News

andrew price team member annette dillon The P11d benefits on company vans are generally much lower than company cars and where private use of the van is merely incidental to its business use by the employee, then there is no taxable benefit at all. But when is a van not a van? In a rece... Read news article

Are spouses wages fully deductible?

October 5th, 2017     Tax News

andrew price team member annette dillon HMRC have recently won a tax tribunal case where they were seeking to challenge the deduction for a wife’s wages in arriving at the profits of her husband’s business. The judge agreed with HMRC that the amount allowed as a deduction should be lim... Read news article

State Pension age to increase to 68 years

August 17th, 2017     Tax News

andrew price team member annette dillon The Department for Work and Pensions has published a review into the state pension age, proposing a new timetable for a rise to the state pension age from 67 to 68 years between 2037-2039. This is seven years earlier than current legislation states; ... Read news article

Making Tax Digital – New Timetable

July 27th, 2017     Tax News

andrew price team member annette dillon The government announced a new timetable on 13th July, which means Making Tax Digital (MTD) will not take effect until April 2019 and will only be mandatory at that time for businesses over the VAT threshold. The changes are: • Only businesses w... Read news article

Tax-Free Childcare – The Changes

June 15th, 2017     Tax News

The government is introducing a new Tax- Free Childcare scheme during 2017, whereby a parent or guardian can open an online account and decide how much they want to pay into the account; this can be used to pay for regulated and approved childcare. ... Read news article