What would a cut in VAT mean for your business?

You’ll probably have seen the rumours in the press that the UK government is considering whether to follow Germany’s lead with covid-19 recovery VAT cuts. Here we take a look at what that could mean for businesses in the UK.

Planning for after Covid-19: improving cashflow

Many businesses are going to struggle through the coming months with significant restrictions being placed on people’s movements in the UK. The Government has taken action by putting in place various grants and loans to assist companies through the current crisis as well as deferring the next quarter of VAT payments. That got us thinking […]

Cycle to work tax benefits

The ‘cycle to work’ initiative has been around for a while as it was introduced by the government back in 1999 but continues to this day.  It’s a useful tax exemption that can motivate employees to get fit by cycling to work.

Christmas and trivial benefits exemption

In the run up to Christmas it’s worth knowing about the trivial benefits exemption rather than the game trivial pursuits! It allows employers to ignore benefits in kind that cost £50 or less for tax purposes, as long as the conditions of the exemption are met. Where the exemption applies the benefit does not need to be reported to HMRC.

Weighing up LLPs

A limited liability partnership (LLP) is similar to an ordinary partnership in that a number of people or limited companies join together and share the costs, risks, and responsibilities of the business. Here we take a look at the tax implications.

Tax relief on business-related loans

Subject to certain conditions and restrictions, tax relief will generally be available for interest paid on loans to, or overdrafts of, a business in the form of a deductible expense.

Zero charge for zero emission cars

From 6 April 2020, the way in which carbon dioxide emissions for cars are measured is changing. It’s worth making sure you’re up to speed on what this means in relation to the tax implications.

60% tax rate risk on bonuses

With the lead up to Christmas upon us some directors and employees may be fortunate enough to be on the receiving end of a financial bonus. If you are in this position it’s worth reviewing things in advance to see if there is a risk of you suffering effective tax rates of up to 60%, and if the answer is yes, whether this can be avoided.

Tax-free benefits to keep employees healthy

What can employers do to help prevent the 25 million working days lost annually due to work-related ill health matters, including the two leading causes of workplace absence, back injuries and stress, depression or anxiety?


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