HMRC
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Trivial Benefits
Legislation surrounding 'Trivial Benefits' was introduced to save employers from
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Employees: tax-free benefits to keep them healthy
There are, however, several areas where employers can use tax breaks and exemptions to help promote health and fitness at work.
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Letting a property as a furnished holiday let – is it worthwhile?
Where a property is located in a holiday region, a consideration will be whether to let it as a furnished holiday let or on a longer-term basis.
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Using allowances are an easy way to save tax
The tax system contains a number of allowances which enable individuals to enjoy income and gains tax free.
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Director’s loan accounts
HMRC commonly find errors in relation to directors’ loan accounts when making routine reviews of company tax returns.
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Is tax payable on tips?
Broadly, their treatment will depend on how they are paid to the recipient.
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How to maximise your business expenses
When calculating your profits, expenses are deductible to the extent that they are incurred wholly and exclusively for the purposes of the business.
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Spring 2022 statement highlights
As part of Spring Statement 2022, Rishi Sunak (the chancellor) set out the government’s Tax Plan outlined briefly... -
How HMRC deals with tax debts
During the covid pandemic HMRC suspended many of their debt collecting activities.
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Completing a VAT invoice - what entries are required?
When a customer purchases an item or service from a business an invoice confirming the amount to pay should be raised either at the time of ordering or after delivery. If the seller is VAT registered a specific type of invoice is required to charge VAT on sales or reclaim the VAT charged for goods and services.