Author: Samantha Nicholson
Can I claim parking fines as a business expenses?
Can I claim parking fines as a business expenses? In short, if you have received a parking fine or penalty by breaching the law, then no you can’t claim it as a business expenses. A recent first tier tax tribunal case between HMRC and G4S cash solutions (UK) Limited has provided some clarity on the Read more about Can I claim parking fines as a business expenses?[…]
Auto-enrolment penalties rising
Auto-Enrolment PenaltiesThe FactsAuto-Enrolment Penalties are on the rise! The Pensions Regulator (TPR) published their statistics for the 1st quarter of 2016 and I have to say WOW! 806 fixed penalties have been issued in the 1st 3 months of 2016, compared with 1,250 issued in the whole of 2015.So do you know your obligations or Read more about Auto-enrolment penalties rising[…]
Basic Auto Enrolment checklist
Auto Enrolment Checklist The legislation surrounding auto enrolment can be quite tricky when faced with an over whelming set of tasks, rules, regulations and jargon it is difficult to fully understand what is expected, of you. Well here is our 9 steps DIY Auto Enrolment Checklist. Know your staging date Confirm who to contact with Read more about Basic Auto Enrolment checklist[…]
Tax-free perks what are they worth to you
Tax-free perks A new tax exemption for perks came into effect on 6 April 2016. It applies to all employees, but there are special rules for directors. So what is the new exemption? The exemption for job-related low value perks, was originally meant to take effect in April 2015 but it proved too controversial and Read more about Tax-free perks what are they worth to you[…]
Tax-free meals new statutory rates
Tax-free meals new statutory rates HMRC’s concessionary practice, which allow employers to pay their workers a tax and National Insurance free flat rate allowance for subsistence when they travel on business , will be replaced by a statutory version on 6 April 2016. The rules for the old and new systems are similar except that Read more about Tax-free meals new statutory rates[…]
So, what is a compliance check?
It’s when HMRC carries out checks to make sure a specific tax return or claim is correct and/or to check that payments are for the right amount and are made on time. Some checks are done on a random basis as to discourage evasion. A compliance check can be anything from a 5 minute phone Read more about So, what is a compliance check?[…]