Company cars and vans, when used privately by employees are treated differently for tax purposes, with vans generally treated more favourably than cars. We look at the grey area of multipurpose vehicles.
Taxation
Plans to extend Making Tax Digital
On 21 July the government published its 10 year strategy for the tax system. This included its plans to extend the Making Tax Digital initiative.
Tax planning, share incentive schemes and employee retention
Cassandra Graham, Senior Tax Manager at Bates Weston, considers the use of tax planning in attracting and keeping people who are driven to grow your business, in particular the use of tailored share incentive schemes.
Budget 2020 Pension Changes
Richard Coombs, Tax Partner at Bates Weston explains the changes to the tapered annual allowance for pensions.
A summary of the Budget 2020 from Bates Weston
We summarise the main points from the Budget 2020 and our tax team highlight the key points for business owners.
Changes to off-payroll working rules – IR35- will go ahead
Changes to off-payroll working rules -IR35- will go ahead in April following Treasury report.
Year End Tax Review
Our Year End Review Tax newsletter takes you through steps you can take to claim all relevant allowances and pay no more tax than you need to for the tax year ending 5 April 2020.
Tax Tips 2020
As the tax deadline looms on 31 January for the tax year ending April 2019, here are our tax tips to keep your tax bill down.
Extracting capital from a company – GAAR panel opinion
The GAAR advisory panel has released an opinion into a share scheme designed to extract capital from a company in a tax free form.
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