Company tax


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


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Directors' benefits in kind - board minute and contract clauseWhere your company provides a director with benefits in kind, it's good practice for the arrangement to be recorded in a board minute and in the director's contract. remunertation packageThe... Read more
11 Jul 2009
Credits: 1
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Form
Staff suggestion scheme recordTax rules permit employers to pay employees a tax and NI-free sum for suggestions to improve the busines. Keep a separate record of such payments to help justify the tax and NI treatment should HMRC make enquiries.Log t... Read more
17 Jun 2009
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Miscellaneous
Termination payment minutesYou can use company law formalities to support your case that a termination payment is not ordinary earnings and hence not taxable (up to a £30,000 limit). What's involved?Ex gratia minutesIf possible, agreement to make a t... Read more
08 Jun 2009
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Miscellaneous
Contract for servicesHMRC's aim is to reclassify freelancers such as consultants as employees and insist that PAYE and NI is due on the total amount paid to them. Having a realistic contract for services in place will provide evidence that the engagem... Read more
08 Jun 2009
Credits: 1
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Document
Memo: invoices for motor expensesHow expenses are controlled is always at the top of HMRC's list of questions during a compliance visit. Using our memo should help you to dismiss enquiries about motor expenses very quickly, before they become too deta... Read more
02 Jun 2009
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Letter
Employee personal appreciation gift letterThere are very few circumstances in which an employee can receive tax-free cash from an employer. But a gift made "on personal grounds" or as a "mark of appreciation" might be one of them. How do you go about pro... Read more
27 May 2009
xls
Form
Register of child carersHMRC imposes a fairly strict record-keeping regime on employers who provide their staff with subsidised childcare as a benefit in kind. For example, the tax and NI exemption which can apply is only given where the childcare is... Read more
21 Apr 2009
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Agreement
Licence agreement for commercial propertyThere are various reasons why you might not want to offer someone a lease over a property. A licence to occupy land or buildings, unlike a lease, does not convey exlusive right over the property. licence agree... Read more
14 Apr 2009
Credits: 1
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Letter
Salary sacrifice letter to employeeWhere you enter into a salary sacrifice arrangement with an employee it will only be effective for tax and NI purposes where you have notified them of the consequences. Benefit in kind instead of salarySince 6 April... Read more
07 Apr 2009
Credits: 1
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Agreement
Licence agreement (garage)Where you use your garage for storage on behalf of your company, it can pay you rent. The arrangement should be formalised by a licence agreement which gives the company non-exclusive rights over the property.Company storage... Read more
02 Apr 2009
Credits: 1