He’s Gonna See Who’s Naughty or Nice! Whilst you may enjoy letting your hair down with your staff at the annual Christmas Party, it is worth remembering that you are still the employer and, as such, responsible and, perhaps liable, for any bad behaviour. Any incidents of harassment, abuse or discrimination could have repercussions not … Continue reading How to Avoid Legal Issues at Your Company Christmas Party
Let It Snow, Let It Snow, Let It Snow! The particularly brutal weather we saw when the “Beast From the East” paid us a visit earlier in the year highlighted how unprepared many of us are for dealing with adverse weather conditions. And whilst a White Christmas is on many people’s wish-list, the disruption caused … Continue reading How to Prepare Your Business for Adverse Weather Conditions
‘Tis the Season to Be Busy! The festive season often sees an increase in activity for many businesses which may mean you need more hands on deck. Your first thought may be to take on more staff, perhaps on a fixed term or casual basis, but in some cases you can increase productivity by offering … Continue reading How to Deal With Seasonal Work Cover
And a Partridge in a Pear Tree? Christmas is all about giving, so you might like to take the opportunity of giving a gift to your employees or your customers. In many cases, however, gifts are not tax-free. A Christmas Bonus to staff members is treated as additional pay for tax purposes and will attract … Continue reading Can an Employer Give an Employee a Tax Free Gift?
Oh Bring Us Some Figgy Pudding… Like many employers, you probably like to treat your employees at this time of year by providing a Christmas Party, but to avoid any tax or VAT implications, you should make yourself aware of the rules. Entertainment for your employees is tax-free, providing it is available to all your … Continue reading Is My Christmas Party Tax Deductible?
For employees using a company car, the new fuel rates for use from 1 December are as follows: Engine Size Petrol LPG Diesel Amount per mile (in pence) 1400cc or less 12 8 10 1401cc to 1600cc 15 10 10 1601cc to 2000cc 15 10 12 Over 2000cc 22 15 14 For the purpose of … Continue reading Advisory Fuel Rates from 1st December 2018
The high income benefit charge was introduced on 7 January 2013 to restrict the availability of child benefit to high earners and their partners. Essentially, where one partner earns more than £50,000, HMRC will claw back the child benefit paid. The amount clawed back will be 1% of the benefit paid for every £100 of … Continue reading NIC Implications and the High Income Benefit Charge
Recent research from HMRC has suggested that small charities and some sports clubs are missing out on £600 million in additional funding, with a third of donations failing to add Gift Aid. Who does Gift Aid apply to? As well as charities, Community Amateur Sports Clubs (CASCs) can also take advantage of the Gift Aid … Continue reading Making the Most of Gift Aid
Homeworking has grown in popularity in recent years, with research revealing that as many as 1.6 million individuals regularly worked from home in 2017. Here we examine some of the tax implications of homeworking. Determining your employment status It is important to determine your employment status for tax purposes, as the tax rules can differ … Continue reading Where the Heart Is? Considering the Tax Implications of Homeworking
HMRC is urging UK taxpayers to make sure they have declared foreign income before 30 September. Under the Requirement To Correct (RTC) legislation, undisclosed foreign income or profits on offshore assets could be subject to tax penalties. After notifying HMRC of their intention to make a declaration, taxpayers will have up to 90 days to … Continue reading September Deadline for Undeclared Foreign Income