Q. My wife and I are directors of a small company. Our two children also work for the company. Is there any advantage to the company paying for all our mobile phones? A. The tax legislation provides exemptions from tax, and… Read more
As Benjamin Franklin observed in 1789 ‘In this world nothing can be said to be certain, except death and taxes.’ More than two centuries on, this statement still rings true! These days however, inheritance tax is often referred to as… Read more
As confirmed in the 2017 Spring Budget, the tax rules governing termination payments will change from 6 April 2018. The term ‘termination payment’ is typically used as a generic summary for a lump sum payment, which is normally (but not… Read more
The Office of Tax Simplification (OTS) has published a paper outlining its future works programme, identifying areas of interest that the office will be looking at in the next twelve months and beyond. The OTS is currently working on a… Read more
HMRC have launched a new service designed to directly help mid-sized businesses as they expand and grow. The new Growth Support Service (GSS) will be open to some 170,000 mid-sized businesses registered in the UK who are undergoing significant growth,… Read more
