Category Archives: P11d

The end of reporting employee benefits on form P11d

team

Admin work is not something that people enjoy doing. Moreover, filling out forms for paying taxes on the benefits provided to employees can be quite a hassle. After several years of consulting with accountancy and tax bodies, the government has announced that reporting employee benefits on form P11d will no longer be required.  The date […]

When is a pool car, not a pool car?

company car

When an employee has access to a car provided by their employer, it usually results in a company car benefit-in-kind (BIK). However, if the car is classified as a “pool” car, then no taxable benefit arises. So, when is a “pool” car, not a “pool” car? Company Car Tax A company car is a common […]

Getting ready for end of tax year

end of tax year

We are almost in April and that means one thing, end of the current tax year is approaching. So how can you be getting ready for the end of the tax year?  There are a few things to consider over the coming week as the last day of the current tax year is 5th April […]

Should you payroll your employee benefits?

benefits in kind

For some years now employers have been able to payroll benefits for their employees. The obvious question for you as an employer is should you payroll your employee benefits? What are the advantages and the draw backs of taking such a step?   So, what are we talking about here? We are talking about employee […]

The Tax Benefits of an Electric Car

The company car is becoming more popular again mainly because of electric cars. Once again it is potentially an exciting tax perk and an important part of any remuneration planning. In our updated blog we revisit the tax benefits of an electric car. Of course, nobody these days questions the environmental benefits of running an […]

Should I buy a car or lease it?

Are you thinking about buying a car?  If so, will it be an electric car? Will you buy it or lease it? Will it be a Company Car, or will you buy it personally? Buying a car is a big decision and one that should be taken with some thought. Whether you buy  or lease […]

How do you get payroll right for your small business?

Are you a business that operates your own payroll? Do you want to be involved with paying your staff or is it because you do not want to incur payroll fees? How do you get payroll right for your small business? Do you rely entirely on the software? Or the HMRC Basics Tools?  Do you […]

Christmas gifting and parties – What are the tax implications?

Entertainment Expenses – what is tax deductible? It is common at this time of the year to see a lot more gifting and partying.  It is after all the festive season. The costs of parties and gifts can be a tax allowable expense and any VAT can be claimed back if it relates to employees. […]

What are the best benefits to offer employees

employee benefits, benefit in kind, employees

For a few months now, we have known there is an acute shortage of talented people in the general workforce in the United Kingdom. Some industries such as hospitality are having more of an acute shortage due to other factors such as Brexit, but staff shortage is spreading across all industries and in all parts […]

Buying Electric Car

buying electric car

I’m thinking about buying an electric car. What financial incentives are available to me? The company car is getting its moment again as an exciting tax perk. In a climate conscious age, where Tesla has become a household name, business owners are being encouraged to take to the road in an electric company car.  Choosing […]