An employer can provide a benefit to an employee under the Trivial Benefits rules and it will be free of tax.
Corporation Tax
Capital Gains Tax return deadline – what needs reporting?
Have you sold, or are you thinking of selling a residential property which you let out or used as a holiday home, and which will give rise to a taxable capital gain?
Can a UK company apply for a corporation tax extension?
A company is required to file its corporation tax return within 12 months after the end of the accounting period that it covers. A penalty will be payable if the corporation tax return is filed late.
Corporation Tax rates to increase to 25% – what does this mean for my business?
One of the main money earners for the Exchequer which was announced in the Spring Budget was the increase in the rate of corporation tax for companies for periods after 1 April 2023.
Off-payroll working (IR35)
IR35 has been in the news a fair amount recently, mainly due to the anticipated changes which the government are due to bring in, effective from 6 April 2020.
Record levels of Capital Gains & Inheritance Tax collected last year!
HMRC have revealed that the amount of capital gains tax and inheritance tax collected in 2018/19 hit record levels.
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