HMRC publish rates that can be used by employers wishing to pay their employees the cost of fuel for business journeys in company cars (or, where the employer initially pays for all fuel, for reimbursement of private mileage by company… Read more
The Spring Budget 2020 announced a significant restriction on future availability of entrepreneur’s relief (ER) for individuals who dispose of all or part of their business, individuals who dispose of shares in their personal company, and trustees who dispose of… Read more
The First-tier Tribunal (FTT) has published a practice statement setting out its practice in appeals against HMRC decisions where the parties wish to engage in Alternative Dispute Resolution (ADR) after an appeal has been made to the Tribunal. What is… Read more
HMRC have released guidance on changes to their policy for businesses who supply goods by way of hire purchase agreements. Brief 8 (2020) explains HMRC’s suggested method for apportionment of VAT incurred on overheads following judgment in Revenue and Customs Commissioners… Read more
Q. I am the director of a limited company and due to the impact of the coronavirus, I will need to waive my entitlement to company dividends for the time-being. Are any formal waiver procedures necessary? A. A ‘waiver of remuneration’… Read more
