Administration of Troncs
The long-running series of disputes between employers in the hospitality industry and HM Revenue and Customs (HMRC) concerning the taxation of employees’ tips and their National Insurance (NI) status seems to have been concluded...Employed or Self-Employed?
Whether you are employed or self-employed makes a substantial difference to how you are taxed and the income tax liabilities of an employed person can be very different from those of a self-employed person with similar levels of gross income....Entrepreneur's Relief - the Basics
From 6 April 2008 disposals of qualifying businesses and business assets have been eligible for Entrepreneurs’ Relief. In simple terms, it allows business owners to reduce their Capital Gains Tax liability to the equivalent of 10...IHT and Small Business
Inheritance Tax (IHT) is payable on a deceased person’s estate at 40 per cent above £312,000 (2008/9) – the current nil rate band. However, business property is treated differently from personal property and may qualify for Business...Making Training Costs Tax Deductible
Most business owners and managers think that training costs aimed at improving skills or business profits automatically qualify for tax relief, but that is not necessarily the case. The complexities of the UK tax system mean that the availability of tax...Making Waivers of Dividends Work
When a company is set up, it is common to divide the shares in it in approximately equal proportions amongst the subscribers. Whether or not this proves to be the most...Mobile Phones and Tax: Hands-Free Kits
It is well known that when an employer provides a mobile phone to an employee, there is no benefit in kind charge as long as the phone remains the property of the employer. The same rule can apply when the employer pays for a mobile phone 'hands-free' kit...Paying for Employee Training
It is well known that the rules regarding expenses that are allowed as deductions from income for tax purposes are far stricter for employees than they are for the self-employed. The relevant legislation gives a self-employed person the right to make a tax...Tax Disclosure Rules Tighten
UK tax law is almost unique in that it contains regulations which require professionals to advise HM Revenue and Customs (HMRC) of information regarding tax avoidance schemes (TAS). Failure to comply can lead to a penalty of up to £5,000 plus...Tax Free Perks
The Government has continuously sought to limit the tax free perks that businesses can provide for their employees. However, there are some remaining. Here is an update on some of those still available. Childcare ...VAT - Place of Supply of Services
With different rates of value-added tax (VAT) applying throughout Europe, the place that a supply is made (and hence the VAT rate which is applicable) can be a very important matter. The basic 'place of supply' rule is that in normal...VATand Electronic Goods - Take Care
In order to combat ‘missing trader’ fraud, which is estimated to have cost the Exchequer hundreds of millions of pounds, HM Revenue and Customs (HMRC) have introduced measures which can, in some circumstances, make a supplier (or customer)...
Fieldings Porter Silverwell House 32 Silverwell Street Bolton BL1 1PT Lancashire Telephone: (01204) 540900 Fax: (01204) 362129
Fieldings Porter St.Andrews House 58 Market Street Westhoughton Bolton BL5 3BH Telephone:(01942) 814089 Fax: (01942) 812383
© Fieldings Porter Solicitors. All rights reserved.
Fieldings Porter Solicitors are authorised and regulated by the Financial Services Authority
and regulated by the Solicitors Regulation Authority under the Solicitors Code of Conduct
Legal Disclaimer | Accessibility
