Company tax


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


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Letter
Election for entrepreneurs' relief to apply to QCBsWhen you sell a business the purchasing company might offer to pay you with loan notes. This is a loan arrangement but in the form of a security, i.e. like shares. The loan notes pay interest usually ... Read more
04 Nov 2016
Credits: 1
doc
Letter
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 paid salary. Payrolling achieves the same result but... Read more
21 Oct 2016
Credits: 1
doc
Letter
Director's loan account write-off letterAn overdrawn director's loan account can be cleared by the company if the directors or shareholders agree to write the loan off. However, it must get the paperwork right.Reporting requirementsWhere a director or ... Read more
01 Sep 2016
Credits: 1
doc
Agreement
Director's loan agreementA director shareholder doesn't have to sign a loan agreement when they borrow money from their company. The terms of borrowing can be agreed orally or just implied. However, in certain situations a director is required by compa... Read more
01 Sep 2016
Credits: 1
doc
Letter
Letter to HMRC  - problems with online filingIf you've missed the deadline for submitting your VAT return online (or paying your VAT electronically), you might be let off the hook where you can show this was caused by IT problems.Explain whyIf you we... Read more
01 Sep 2016
Credits: 1
doc
Letter
Dividend voucherWhen your company pays a dividend it should provide each of the receiving  shareholders with a dividend voucher as a receipt for their records. Issue a voucherWhile not strictly necessary under company law, it's advisable for a compan... Read more
30 Jun 2016
Credits: 1
xls
Calculator
Value of goodwill calculatorWhen you transfer a business to a limited company, you need to calculate the value of the goodwill in it. If HMRC doesn't agree with your valuation, the difference between its (lower) and your (higher) valuation will be tax... Read more
16 Jun 2016
Credits: 1
doc
Letter
Company shares or securities reorganisation clearance letterWhere a company acquires 25% or more of the shares in another, or reorganises its share capital, it can ask for confirmation (clearance under s.138 Taxation of Chargeable Gains Act 1992) tha... Read more
17 Feb 2016
Credits: 1
doc
Form
  Employee equipment allowanceWhere your employees use equipment for work which they personally own or rent, you can reimburse them the business element of their costs tax and NI free. Quantifying the amount you can pay without having to apply PAYE... Read more
09 Oct 2015
Credits: 1
doc
Form
Employee business mileage recordEmployees and directors are required to keep a detailed record of journeys for which they receive a mileage allowance from their employer or where they claim a tax deduction for business travel. A copy of the record sh... Read more
19 Jun 2015