Hi folks Well here I am back at work and settled in to the old routine again. Just thought I’d let you know…. we did it !  It still doesn’t seem real but I attach photo’s taken at the beginning, middle (highest point of the trail) and end (x2) of our trek, as proof....

Your business has agreed that some employees will become homeworkers and has provided laptops to assist them. What VAT issues must you consider with these laptops? John Craig discusses the implications. Homeworking If you provide your employees with a computer and there is no business use, the tax you pay to the supplier is not...

You’ve engaged the services of a non-executive director (NED) to bring specialist expertise to your company. She says she’s freelance and has asked for her fees to be paid free of tax and NI. Is that OK or do you run the risk of trouble with HMRC? Joanne Gibson looks at the implications. The role...

Your long-term plan is for your children to take over the family company but they are far too young at the moment. Nevertheless, is it worth giving them shares in the business now as a tax-saving measure? Brona MacDougall advises. For almost as long as income tax has existed, parents have tried different ways to...

You’re selling your business and as part of the deal you’ll stay on in a managerial role for three years. You’ll then be paid an additional sum based on the profits made over that period. How should you structure the payment to avoid tax traps? Our Senior Tax Manager Brona MacDougall provides advice on the...

Is hiring golf clubs to a non-resident taxable? Q. We hire golf clubs to private individuals. A customer came into our shop last week and insisted that the fee for hiring a set of golf clubs for a week should not be subject to VAT because he is a US resident. He produced evidence of...

Employers that use a third party cycle-to-work scheme to provide bikes worth more than £1,000 to employees are no longer required to have a consumer credit licence as long as the third party has one. The cycle-to-work scheme encourages employers to help their employees to get on their bike to commute to work. Where an...

Last tax year you started letting a property as a holiday let. The trouble is that to qualify for the special tax breaks it must be let for 105 days in the tax year and you didn’t reach this figure. Is there a way around this rule? Brona MacDougall takes a closer look. You may...

HMRC has recently published new guidance on the Structures and Buildings Allowance (SBA) following changes to the rules. This includes important information about how to claim it. What’s involved? John Craig discusses below. The 2018 Budget announced that businesses would be entitled to a new tax relief, the Structures and Buildings Allowance (SBA) would apply...

HMRC has announced that a £16m fund has been made available from which businesses can claim grants to cover certain costs associated with Brexit. On 31st October 2019 the UK will leave the European Union. Businesses will have to apply the same customs rules to goods moving between the EU and UK as they would...