If you’re driving an old petrol company car, you and your company could be paying a lot in tax and NI charges. You could purchase a new electric or low emissions car, but is there a cheaper way to cut your tax bill? Tax breaks for electric cars Whilst sales of electrically powered cars hit...

With increasing fuel costs, employees have been asking whether the amount they are reimbursed for business travel in their own car can be increased. The government has recently clarified its guidance on this. What are the rules?  Naomi Swan discusses below. Tax-free mileage rates The HMRC approved tax-free mileage rates for 2022/23 (which are the...

Brexit and the pandemic resulted in many workers leaving the UK to return to their home country. If you have employees dotted around the globe, what are your payroll obligations?  Head of Payroll Joanne Gibson discusses below. If an employee is not tax resident in the UK, generally you don’t need to deduct PAYE unless...

You are planning to join a local business association to help with networking and promotion. This includes access to a monthly dinner with a guest speaker. Does the business entertainment aspect affect the tax deductibility?  Kenny Logan from our Edinburgh office discusses. Quite often, business organisation meetings are also social occasions where food and drinks...

One of your employees will soon reach state pension age, but they’ve decided to postpone their retirement and continue working. What happens about National Insurance contributions in this situation?  Naomi Swan takes a closer look below. The default retirement age which permitted employers to force employees to retire on their 65th birthday, which was the...

Following the Autumn Statement which included corporation tax rate increases in April 2023, should you be rethinking your profit extraction strategy for the year?  Head of Payroll Joanne Gibson discusses here. Dividends – first tax increase When the NI rates increased in April 2022, the government introduced a matching increase to the tax rates on...

Following huge rises in petrol and diesel prices, you may be wondering if now is the time to make the switch to electric company cars, as you understand there are tax benefits in doing so. But what tax breaks are available?  Charley Fojcik discusses. Where an employee has a company car which is available for...

Is there a new workplace pension scheme? Q. We’ve heard that employers are now able to enrol their employees into a different type of workplace pension scheme. Is this correct? A. Previously, employers were only able to offer their employees defined contribution (DC) and defined benefit pension schemes. However, following changes brought about by the...

A VAT-registered rugby club will be paid £15,000 each year from an insurance company in return for the right to purchase the club’s entitlement to tickets for international matches. Is this subject to VAT?  Gail Trojan discusses below. VAT is defined as a tax on the supply of goods or services made in the UK...

You are having an office clear out and are keen to get rid of the company’s old payroll records. Is it true that you only need to keep three years’ worth?  Head of Payroll Joanne Gibson provides the answer below. The PAYE Regulations require employers to keep their “PAYE records” for a period of not...