TAX ARTICLES

Company Car for Private Use
Finance & Accounting>Company Car

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 …

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self-employed and business owners
Company loan

Tax implications of Covid-19 support payments

Various support payments are available to individuals and businesses to help mitigate the effects of the Covid-19 pandemic. Are the payments taxable and how should …

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Late Tax Returns
Finance & Accounting>Tax Return

If you have forgotten to file your tax return or have made a mistake leading to a penalty and you or a family member were ill with coronavirus, this might be allowed as a ‘reasonable excuse’. In today’s blog we explain what reasonable excuses are and how coronavirus might fall into this category.

Twitter: Reasonable excuse – does coronavirus count? HMRC may allow an appeal against a penalty if the taxpayer has a ‘reasonable excuse’ for why, say, …

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Furloughed Employee
Finance & Accounting>Company

Do you know that the furlough scheme has changed? From 1 July, a grant claim can only be made if the employee was previously furloughed for at least three consecutive weeks before 1 March 2020 and 30 June 2020. We explain more in today’s blog.

Flexible furloughing As far as the Coronavirus Job Retention Scheme is concerned, it is all change from 1 July 2020. From that date, employees can …

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Finance & Accounting>Company

If your company has been hit by the pandemic, you might be thinking of waiving your dividend or remuneration as a shareholder or director. Before you do, make sure you know what’s involved.

Waiver of dividends and remuneration Many companies are experiencing financial difficulties brought about by the coronavirus pandemic and there will be many instances where directors …

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Finance & Accounting>Company

Here’s the latest information on mileage rates for company cars, including the new coronavirus measures and what’s happening with the Advisory Electricity Rate for electric cars.

Company car mileage rates update The company car benefit tax charge does not cover fuel provided for a company vehicle. This means that where an …

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