Company tax


To help ensure your company pays the least amount of tax possible


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Policy
Staff suggestion scheme rulesYou might want to reward your employees for certain ideas that contribute to the success of your business. Previously by concession, this is now a statutory exemption. However, there are conditions you'll have to meet.Fina... Read more
08 Dec 2009
Credits: 1
doc
Policy
Salary sacrifice policyIf you want to implement a salary sacrifice scheme in your company, make sure you insert the relevant policy in your staff handbook. Scheme particularsIncluding a Salary Sacrifice Policy in your staff handbook is important both... Read more
02 Dec 2009
Credits: 1
doc
Document
Product mix reconstructionWhen carrying out a business economics exercise, the tax inspector will often use an industry average mark-up of purchases to selling price to construct a sales figure. But this simple calculation doesn't take into account yo... Read more
12 Oct 2009
Credits: 1
doc
Policy
Employees' incidental overnight expenses policyIf an employee has to stay away overnight on business, there are some tax and NI-free expense payments you can make. To achieve this you'll need to have a company policy in place to avoid an employee claim... Read more
05 Oct 2009
doc
Document
Dividend waiverA dividend waiver is a document produced by a sharelder to show that they have given up (waived) their right to one or more dividends that they would otherwise be entitled to. A waiver can be used in income tax and inheritance tax plan... Read more
13 Sep 2009
Credits: 1
doc
Letter
Termination payment letterYou need to take account of both the legal and tax issues when drafting documentation for dealing with a termination payment. But if you don't have any employment issues with the departing employee it's arguable that the payme... Read more
10 Aug 2009
Credits: 1
rtf
Miscellaneous
Year-end bonus board minuteBonuses for employees or directors declared after the year-end may only be accrued in the balance sheet if there was a "legal or constructive obligation at the balance sheet date" to make such payments. All other bonuses decl... Read more
08 Aug 2009
Credits: 1
doc
Letter
Enquiry - challenging a business economics exercise There can be many reasons for challenging an HMRC business economics exercise, but you must have good grounds for doing so. Are your records deficient?HMRC's business economics exercise approach to i... Read more
05 Aug 2009
doc
Letter
Authority letter to HMRCIf you want someone, for example your accountant or a friend, to communicate with HMRC on your behalf, you must put this in writing. If you don't, he won't be prepared to discuss your VAT or other tax affairs with anyone but you... Read more
18 Jul 2009
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Letter
Annual certificate of interestIf your company pays you interest for lending it money, it must deduct income tax first and provide you with a certificate to show this.certificateThe interest can be paid or credited to the director's loan account on a r... Read more
13 Jul 2009
Credits: 1