Getting ready for staff party

Getting ready for staff party

Alistair, Rebekah and Jenni in their “raw state” before they get ready for the Xmas lunch. They still look handsome/pretty!
What are Childcare Vouchers

What are Childcare Vouchers

Childcare Vouchers (Old scheme) – This employer led scheme allows you to provide a member of staff with childcare vouchers worth up to £55 per week completely tax free. You can gift the vouchers instead of salary (salary sacrifice). You save the employer’s national...
Gifts and benefits to staff at Christmas – What is taxable?

Gifts and benefits to staff at Christmas – What is taxable?

Gifts – As of 6th April 2016, “trivial” benefits up to the value of £50 are tax and N.I. free.This covers gifts to your staff such as a bottle of wine, chocolates, flowers etc. However, cash gifts and gift vouchers are excluded from this. Entertainment – You can pay...
New treatment of employee expenses in UK

New treatment of employee expenses in UK

HMRC have changed the rules on the re-imbursement of expenses to employees. Expenses are no longer treated as taxable income and do not need to be reported on a P11D annually as before. Expenses qualify for this treatment if, had the employee borne the cost personally they would be entitled to claim a tax deduction for it….

Annual Investment Allowance

Annual Investment Allowance

AIA which provides 100% tax relief on qualifying Capex has been set at £200,000 from 1st January 2016. This has now been made permanent. Annual Investment Allowance has fluctuated throughout its history. It started at £50,000 in 2008, rose to £100,000, fell again to...