Blog archive

Company Cars

One of the most common questions that clients seem to have is about the tax position of ‘company’ cars. There have been a number of changes earlier in the year and we know about numerous proposed changes for benefits-in-kind, all of which are summarised below.

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Construction Industry Scheme – The Scope Of

The level of construction and development over the UK at the moment is rather quite substantial! However with all the new construction work; what work really falls into the scope of the Construction Industry Scheme (CIS)?

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Director’s loans and “bed and breakfasting”

Where a loan is made to a participator of a close company, HMRC will charge tax under Section 455 of the Corporation Tax Act 2010 if the balance outstanding at the company’s accounting period is not subsequently repaid within nine months of this accounting period.

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Principal Private Residence Relief (PPR) - Is it available?

Principal Private Residence Relief was originally introduced to enable a person to replace their existing home with another home of similar value by ensuring that the proceeds of the sale of the old home are not diminished by a charge to Capital Gains Tax.

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