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    Corporation tax - Special situations - Close companies - Implications of close company status - Benefits - 15960

    Where a company provides a benefit to a participator which would be treated as a benefit in kind (¶27250) if provided to an employee or director, it is treated as a distribution. This rule does...

    Income tax - Employment income - Earnings - Regular payments - Scope - b. Value of remuneration - 26400

    If an employee accepts a reduction in pay in return for a benefit in kind, the unreduced pay will still be liable to tax. -Heaton v Bell [1969] For optional remuneration arrangements, including salary...

    Income tax - State benefits and pensions - Pension income and state benefits - Income from pensions - Other pensions - b. Chargeable pension income - Benefits in kind - 30100

    Unless the benefit was first provided before 6 April 1998, employers are required to report the provision of post-retirement benefits in kind exceeding £100 per annum (such as medical insurance) which...

    Stamp taxes - Stamp duty land tax - General principles - Chargeable consideration - Particular parties involved - Employee - 90195

    Where a land transaction is entered into for the purposes of employment and is one that is treated as a taxable benefit under the income tax provisions for living accommodation provided by an employer...

    Tax-efficient income from your company

    There are broadly three ways to extract income from your company but none of them is singularly the most tax efficient. What factors should you be considering when deciding which one to use?

    Miscellaneous tax issues for cars - Can we use a salary sacrifice arrangement for a company car?

    Can we use a salary sacrifice arrangement for a company car?You can offer an employee a benefit in kind, such as a company car, in exchange for them giving up part of their salary. HMRC refers to...

    OpRA transition rules not affected by virus

    OpRA transition rules not affected by virus..Salary sacrifice. In 6 April 2017 anti-avoidance rules were introduced to limit the tax and NI savings that employers and employees could...

    Are clients aware of the NMW rule changes?

    The national minimum wage increases went ahead as planned in April 2020. However, the new rates aren’t the only thing to have changed. What else do you need to make your clients aware...

    Salary sacrifice and minimum wage

    Salary sacrifice and minimum wage..Minimum wage. The government is cutting minimum wage red tape on salary sacrifice schemes. High profile cases, like Iceland’s Christmas savings club, saw...

    Benefits in kind for shareholders - are they tax efficient?

    Your spouse owns shares in your company. As well as paying dividends it provides her with a car. She has declared it as a shareholder’s benefit but HMRC has challenged this and says that the...