Newsletters
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Gifts of BPR-qualifying assets - is there a tax cost?
As your estate will be hit by the cap on inheritance tax (IHT) business property relief (BPR), you’re giving away some of your qualifying investments to your children. What should you tell them to ensure they’ll continue to benefit from BPR?
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Is refusal to relocate misconduct?
The government has announced that 12,000 civil servant roles will be moved out of London and relocated to 13 towns and cities across the UK by 2030. In a workplace relocation scenario, what’s the legal position if an employee doesn’t wish to relocate?
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What’s a trivial benefit worth to employers?
The tax and NI exemption for trivial benefits is much misunderstood, but nonetheless very useful to employers. When can you use it, what are its advantages and are there any pitfalls to watch out for?
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Should you agree to your customer’s self-billing request?
A customer wants to adopt a self-billing system, meaning they will issue invoices on your behalf and charge VAT or otherwise. Can you refuse their request and what are the risks of accepting?
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Travel expenses - exempt or not?
You have several employees who travel from home or their workplace in the course of doing their job. Naturally, you meet the cost of their travel but should you be deducting tax and NI from the payments, or are they exempt?
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Lending to a relative - avoiding the tax trap
Your daughter needs financial help to get her company started. You’ve agreed that your company will lend her the money. Your accountant says that this will trigger a tax charge. What is the charge and how can you legitimately dodge it?
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