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Archive for December, 2016

I have read that it is now possible to pay staff tax-free using small value benefits in kind. Is this correct? It sounds too good to be true!

The “Trivial Benefits” rules have been introduced for the tax year 2016-17 and onwards. In general terms, no income tax charge arises on a benefit provided to an employee (or member of an employee’s family or household) if four conditions are met: The benefit is not cash or a cash voucher The cost of providing[…] Read more »

Don’t let the tax tail wag the commercial dog

What is meant by the saying “Don’t let the tax tail wag the commercial dog”? Some clients are so concerned with minimising their tax liabilities, and their advisers so eager to please, that sometimes there is a danger of losing sight of the overall commerciality of the proposed transactions. Examples which this writer has come[…] Read more »

Our Christmas Draw Winners

Following on from last year, we gave our clients the opportunity again to take part in a Christmas draw. We’re delighted to announce the winners as follows: Dave Baker of The Garden Graphics Christopher Linton-Willoughby Tina & Seb Santoro of STS Wheel Alignment Centre & Mechanical Repairs Ltd Our runners-up: Daniel O’Loughlin of White Hart Press[…] Read more »

December Questions and Answers from our Newsletter

Newsletter issue – December 2016. Q. My wife doesn’t work. Can she transfer her unused personal tax allowance to me? A. Since April 2015, it has been possible for a spouse or civil partner who is not liable to income tax or not liable above the basic rate for a tax year, to transfer part[…] Read more »

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