Category archives: Tax news

  • As long as you’re up to date with your payments and don’t have any outstanding returns you can set up a budget payment plan with HMRC. Some people are super organised so they set up a separate bank account and have no problem setting an amount to one side and leaving it there. Some of us are... [read more]
  • When you pay someone for some work it is your responsibility to get it right. Can you treat them as self employed or should they be on the payroll? Employed versus self employed is always a thorny issue and the man who owns Pimlico Plumbers found out how difficult it can really be. In this insta... [read more]
  • Now is the time of year when we all want to get together and let our hair down a bit but is the cost of holding a party for your staff a tax deductible expense? In short the answer is a simple, yes, but there are one or two conditions. Before you were thinking of being too generous there is a... [read more]
  • As we’re now approaching the festive period we thought it a good idea to remind everyone about how to treat Christmas gifts for your clients.  In this post we just focusing on gifts to customers, not gifts to employees. The general rule is that business gifts do not qualify for tax relief... [read more]
  • Those letting out holiday homes have, historically, been pretty relaxed about VAT reports and filings simply because they haven’t had to worry about them. However, this is not necessarily the case. Furnished holiday lettings are usually standard rated for VAT and must be registered for VAT once the ... [read more]
  • Employed versus self employed is always a thorny issue and the man who owns Pimlico Plumbers has just found out how difficult it can really be. What’s more if you get it wrong our friends at HMRC can be very forthright in the way they’ll be dealing with you. Not only is there a hefty fine but you wi... [read more]
  • Anyone with staff who receive benefits in kind (BiKs) should remember they have to submit details on a P11D form by the 6th July following the end of the tax year. The most common BiKs are private health, vehicles (including vans) and fuel. When a van is a van is often a tricky one and we always enc... [read more]