Payrolling benefits in kind letter to employeeHMRC usually collects tax on benefits by adjusting an employee’s code number so that extra tax is collected, through the PAYE system, each time they are... Read more

Purchase of own shares clearance letterFor unquoted trading companies, the amount received by a shareholder on selling their shares back to the company may be treated as capital rather than as a distribution... Read more

PAYE settlement agreement letterA PAYE settlement agreement (PSA) can be used where you want to meet the PAYE tax and Class 1A NI liability in respect of small or irregular taxable benefits you provide... Read more

Preference shares wordingPreference shares provide a way of giving certain shareholders a share of the company’s profits. Our model sets out sample wording that can be added to your articles setting... Read more

Election to transfer assets at written down valueWhere you transfer your sole trader or partnership business to a company, plant and machinery or other tangible fixed assets are often transferred too.... Read more