Pro-Taxman

ER

Company Car for Private Use

The extent to which a company car remains available for an employee’s private use explained.

Company car ‘availability’ during the Covid-19 pandemic For many, their working patterns changed as a result of the Covid-19 pandemic. Some employees were required to work from home, some were furloughed, while those with certain health conditions were required to shield. If the employee has a company car, is a deduction available for periods during …

The extent to which a company car remains available for an employee’s private use explained. Read More »

Entrepreneur Relief

The £10 million lifetime limit for entrepreneur’s relief is to be reduced to £1m for disposals. Read more…

ER but not as we know it The Spring Budget 2020 announced a significant restriction on future availability of entrepreneurs’ relief (ER) for individuals who dispose of all or part of their business, individuals who dispose of shares in their personal company, and trustees who dispose of business assets.   Broadly, the lifetime limit of …

The £10 million lifetime limit for entrepreneur’s relief is to be reduced to £1m for disposals. Read more… Read More »