A reminder that making loans to your employees or their relatives can create tax problems for employees and employers. For example, the employer will have an obligation to report a beneficial loan to HMRC and the deemed benefit would be a taxable benefit in kind…
Year: 2018
New protection for company directors from identity fraud
The Department of Business, Energy & Industrial Strategy issued the following announcement last week: Company directors are twice as likely to be victims of identity fraud, research shows New laws will allow directors to remove their personal address from the company register whilst still ensuring…
Just a few weeks to the end of the tax year
The 5 April 2018, is the next key marker for tax advisors, the end of the current tax year. Why is this date especially important? Each tax year, taxpayers are granted a number of tax-free allowances, exemptions and reliefs, and in most circumstances, if you…
Inheritance tax due for a shakeup
The government has tasked the department charged with simplifying our present tax system with taking a fresh look at inheritance task. The scope of their review has just been published. It says: The review will consider how key aspects of the current IHT system work…