HMRC win Contractor tax loan battle

Jan
27
Posted 2014 by admin

HMRC have recently issued a “Spotlight” publishing their view on the various Contractor Loan Schemes following the decision in P Boyle (TC1303). Mr Boyle provided his services through an offshore company and extracted money from… Read More

Child Benefit – Neither fair nor simple!

Dec
18
Posted 2013 by admin

From 7th January 2013 Child Benefit entitlement has been withdrawn on a sliding scale on those households where at least one of the individual’s adjusted net incomes exceeds £50,000 per annum. The entitlement is entirely… Read More

Beware of this mobile phone tax trap

Oct
18
Posted 2013 by admin

It is common for businesses to enter into a contract with a telecoms company to provide mobile phones to the company’s staff. There is no benefit in kind on the provision of the mobile phone… Read More