Business use of employees\' cars

Jul 01, 2014

Many employers pay their employees a monthly car allowance to compensate them for the business use of their private vehicles. In most cases this car allowance is treated as remuneration and is subject…

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Discontinuance of trade and the Annual Investment Allowance (AIA)

Jul 01, 2014

In a recently decided tax case a self-employed air conditioning engineer, David Keyl, was denied a claim for AIA. He had purchased a van in July 2008 and on 31 March 2009 (the end of his trading year)…

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Penalty for just one day

Jul 01, 2014

 Consider the following facts:

  • The filing deadline for a Stamp Duty Land Tax return was a Sunday.
  • A member of the advisor’s staff forgot to file the return by the end…

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Replacement of white goods items in unfurnished, let property

Jul 01, 2014

This reminder will affect landlords of unfurnished let property who are considering the replacement of standalone white goods (fridges etc) and similar items.

 Following the withdrawal of…

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Tax Diary July/August 2014

Jul 01, 2014

  • 1 July 2014 - Due date for Corporation Tax due for the year ended 30 September 2013.
  • 6 July 2014 - Complete and submit forms P11D return of benefits and expenses and…

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