HMRC publish updated guidance on work travel

Travelling from home to an employee’s normal workplace does not qualify for tax relief. This is referred to as “ordinary commuting and, […]

Whether or not an employee’s home is a workplace does not affect the availability of tax relief for travel expenses. Travel expenses […]

Payments by the employer for taxis to take employees home late or at night are exempt from tax if: the failure of […]

HMRC have confirmed that the official rate of interest for employee and directors’ beneficial loans remains at 2.25% for 2024/25, despite a […]

If you are considering lending money to, or subscribing for shares in, an unquoted trading company then, like many investments, there is […]

Where an individual subscribes for a new issue of shares in an unquoted trading company, there is an even more generous form […]

As mentioned above, where a loss is made on a loan to an unquoted trading company, relief for that loss may claimed […]

Where the company qualifies under the Enterprise Investment Scheme (EIS) or Seed EIS, the subscribers potentially qualify for even more generous tax […]

Date What’s Due 01/05 Corporation tax payment for year to 31/7/23 (unless quarterly instalments apply) 19/05 PAYE & NIC deductions, and CIS […]

In this April issue we highlight some of the key tax changes that take effect from the start of the new tax […]