business taxation Archives - Page 36 of 76 - Whitefield Tax - Isle of Wight Accountants

Tax considerations for employees working from home

by Jessica Garbett | Nov 13, 2020 | ACCA, business taxation, personal taxatation

Employer payments towards additional household costs incurred by employees who work at home. Since the Covid-19 outbreak, most employers have followed government advice and agreed with their workforce that anyone who can work effectively from home should do so....

Multi Purpose Vehicles – Vans or Cars

by Jessica Garbett | Oct 27, 2020 | business taxation

A dispute around the tax classification of multi purpose vehicles being classified as either vans or cars has been rumbling on for a while, and there is now a binding decision from the Court of Appeal. The case is Payne, Garbett and Coca-Cola European Partners Great...

HMRC tax penalties and available mitigation

by Jessica Garbett | Oct 9, 2020 | ACCA, business taxation, personal taxatation

Guidance and worked examples on when HMRC can issue a tax penalty. HMRC can charge you a penalty for various reasons, if you do not comply with the tax rules. For example, if you: submit a tax return late pay tax late fail to notify HMRC about changes that may...

ACCA on How to survive a Covid-related HMRC enquiry

by Jessica Garbett | Oct 2, 2020 | ACCA, business taxation, Covid19

Practical tips to help accountants and clients manage HMRC Covid-19 enquiries. It has recently been reported that up to £3.5bn in Coronavirus Job Retention Scheme (CJRS) grants amounting to as much as 10% of the total CJRS cost may have been overclaimed as a...

CJRS: Repaying incorrect grants

by Jessica Garbett | Sep 25, 2020 | business taxation, Covid19, employer returns

HMRC is sending compliance letters to certain employers about the claims they have made under coronavirus job retention scheme (CJRS). Tax agents should receive a copy of this letter if is sent to their client. A compliance letter will be triggered where employer has...

R&D relief denied for lack of credible evidence

by Jessica Garbett | Sep 17, 2020 | business taxation

We are often asked about claiming Research and Development costs – these are notoriously difficult to get right. Here is a case report from our colleagues at Ross Martin on when a claim went quite disastrously wrong, and relief was denied Worth a read if this is...

« Older Entries

Next Entries »

Tax considerations for employees working from home

Multi Purpose Vehicles – Vans or Cars

HMRC tax penalties and available mitigation

ACCA on How to survive a Covid-related HMRC enquiry

CJRS: Repaying incorrect grants

R&D relief denied for lack of credible evidence

Register for our Newsletter

Whats Current?

Latest News

Search News by Date or Category

From our daughter business YogaTax