by MAS | Dec 12, 2018 | Uncategorized
From April 2016 new rules were introduced to allow employers to provide their directors and employees with certain “trivial” benefits in kind tax free. The new rules were brought in as a simplification measure so that certain benefits in kind do not now need to be...
by MAS | Dec 12, 2018 | HMRC, Tax
Where possible higher rate taxpayers should “Gift Aid” any payments to charity to provide additional benefit to the charity and for the individual to obtain additional tax relief on the payment. For example where an individual makes a £20 cash donation to charity the...
by MAS | Dec 12, 2018 | Uncategorized
THE IHT ANNUAL EXEMPTION – USE IT OR LOSE IT! Although not particularly generous at £3,000 per donor per annum if this annual IHT exemption is not used by 5 April it is lost, although it is possible to carry the allowance forward one year if unused. GIFTS OUT...
by MAS | Dec 12, 2018 | HMRC, Tax
by MAS | Dec 11, 2018 | HMRC, VAT
All businesses compulsorily registered for VAT will have to comply with Making Tax Digital from April 2019. What are the key things to have in place to get your record keeping right? Statements. If one of your suppliers sends you a large number of invoices in batches...
