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Tax relief for donating free use of a property
A director wants to give free use of a property, the freehold of which is owned by his company, to a registered charity. He wants to know if his company is entitled to any tax relief for this?
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Is there a problem giving staff free stock?
Your business buys and sells goods and it’s your policy to give some free items to staff. You also personally take some stock for yourself and your family. You amend your stock records for these but what should you do with the VAT?
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Joined up bookkeeping saves tax on directors’ loans
Several years ago you made a loan to your company. Since then you’ve drawn on company cash to pay private expenses. On balance you’re in the black but HMRC says your cash drawing is separate from the loan and is taxable. Can it be right?
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Furnished holiday letting - the in-between years
Different rules for capital allowances apply to furnished holiday lets compared with other residential letting. How can you make the most of them?
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Low and tax-free company vans
If your company provides a van for use by an employee or director it usually counts as a taxable benefit in kind. However, the rules which determine the tax and NI position are tricky. What do you need to know?
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Are reimbursed credit card fees tax exempt?
You’ve used your personal credit card to buy items for your company. Of course, you’ll be reimbursed by the company tax and NI free, but what’s the position if your company also pays the corresponding credit card charges?
