Company tax
To help ensure your company pays the least amount of tax possible
Models (121)
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
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
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
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
Wastage/losses recordHMRC typically uses a mark-up of purchases to selling price to construct an anticipated sales figure. However, this doesn't generally allow for wastage/write-offs. So what simple records could you keep about "wastage"?Wasted stockProd... Read more
14 Mar 2009
Company's option to buy/sell shares clauseIn the event of the untimely death of one of the major shareholders, the surviving shareholders probably won't want the shares to go to the deceased's beneficiaries unless they are already involved in running the... Read more
14 Mar 2009
Capital allowances for fixtures in buildings recordSince April 2014 it has been crucial for prospective buyers of second-hand commercial buildings to ensure that the seller has allocated their expenditure on fixtures to a capital allowances pool befo... Read more
10 Mar 2009
Employee scale rate clearance letterWhere you have a number of directors or employees who travel frequently, you can reduce the administration involved in processing their expense claims by giving them a flat rate allowance to cover items such as lun... Read more
26 Feb 2009
Interim dividend board minuteA company can only pay a dividend if it is first approved by its board of directors or shareholders. For an interim dividend, approval is only required from the board. The approval should be made at a board meeting and du... Read more
31 Jan 2009
Property management company contractCompany tax rates are lower than those for individuals, so it might make sense to divert some of your rental income from properties you own personally into your own property management company. In order to avoid a ... Read more
29 Jan 2009
