A colleague tells you that tax relief on pension contributions is only allowed against salary and not dividends. And, because you only take a small salary from your company on which you don’t pay tax, you’re losing out. Is he right? Earned income is vital The saying goes that a little bit of knowledge is [...]
It will soon be time to complete those pesky Forms P11D for 2012/13. But as your company car was off the road for a spell, should you be reducing the amount of benefit in kind you declare? Off the road If you can’t drive your company car for a while, say because it’s in the [...]
Holiday homes aren’t cheap to buy or run, especially where you meet the cost out of your taxed income. You could instead get your company to pay, but what are the pros and cons of doing this? High personal tax cost If the recent cold summers have left you hankering for some sunshine, a bolt [...]
Avoiding RTI trouble spots PAYE Real Time Information is now in full swing and as expected is suffering quite a few teething problems. We've picked up on a couple that seem to be causing more than their fair share. What's the full story? Missing NINOs It seems HMRC has been bombarded with calls from frantic [...]