Personal tax


Because dealing with the Taxman and calculating your own tax can be a nightmare


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rtf
Model
Exchange of lettersDuring routine compliance visits HMRC has asked companies for the names and addresses of any freelancers they use. Protect yourself with an exchange of letters between your company and the freelancer.Proving you've considered status... Read more
01 Sep 2016
Type: Model
Credits: 1
doc
Form
Employee loan recordA taxable benefit may arise where a director or employee is provided with a loan, either interest free or at a favourable rate of interest. Use this document to calculate what, if anything, you need to declare to HMRC.Important to... Read more
29 Mar 2016
rtf
Checklist
Self-employed pages reviewBefore filing a tax return it's a good idea to carry out last minute health checks with a view to reducing the chance of it being selected for an enquiry. This is especially important if you are self-employed. Check your answ... Read more
29 Mar 2016
Credits: 1
doc
Letter
Official error claim for tax not to be collectedIf HMRC has delayed using information in its possession and this results in you paying too little tax, it can write off the arrears of tax under extra-statutory concession (ESC) A19. However, despite be... Read more
29 Mar 2016
Credits: 1
doc
Form
Employee equipment allowanceWhere your employees use personally owned or rented equipment for work, 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 can be tri... Read more
15 Dec 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
doc
Form
Employee expenses claim formWhere an employee or director claims expenses from your business you should ask them to provide details for your accounting and tax records. The need to keep recordsEach employee who claims business expenses over the year ... Read more
16 Jun 2015
doc
Miscellaneous
Transferable nil rate band checklistWhen one spouse dies before the other, any unused nil rate band can be transferred to their surviving spouse. But HMRC will require details of the inheritance tax history of the first death in order to agree any cl... Read more
18 Mar 2015
Credits: 1
doc
Agreement
Consultancy agreementIf you're a one-man service company, then you could be caught by IR35 if HMRC deems the contract between you and the client as one of employment rather than self-employment. Having a consultancy agreement in place can provide evid... Read more
21 Jan 2015
Credits: 1
doc
Letter
Nominating a main residence election If you own two or more properties which you use as homes, say your main house and a holiday home, you can choose which qualifies as your main residence for capital gains tax private residence relief.More than oneT... Read more
24 Dec 2014