The tribunal recently considered how much, if any, of a sponsorship payment made by a company was tax deductible. The judgment includes pointers on how to ensure you’ll get a deduction. What are
they?
Published 25.10.2012
Once again, the courts have had to step in to make sense of contradictory tax rules; this time on training costs. The judgment gave some useful clues on how you can guarantee full tax relief. What
were they?
Published 16.09.2010
You and other local business owners want to form an association. The idea is to pool ideas and discuss issues that affect your businesses in a social environment, say, over a meal. But will the
association’s costs be tax deductible?
Published 09.06.2016
Keeping your customers happy is a vital part of your business’s success so you might think buying them the occasional lunch should be tax deductible. But the Taxman says “no”! Is there a way around
this?
Published 03.11.2011
You’ve incurred some expenses partly for business and partly for personal reasons. Exactly how much will be allowed for tax? The Taxman’s view is contained in his “duality of purpose” doctrine. What
do you need to know?
Published 11.05.2006
If your company’s board of directors meets at a local restaurant, could the cost of the meal be a tax deductible expense for the company?
Published 11.09.2008
One of our subscribers was unlucky enough to be hit with a Companies House penalty for sending in accounts late. His question for us was - do the fine and other fees qualify for a Corporation Tax
deduction?
Published 14.05.2012
In your role as a director having a good assistant is invaluable. But if your company can’t or won’t pay them, can you? If you pay them direct, can you claim tax relief for the expense?
Published 27.05.2016
In a recent case the tribunal had to decide whether overdraft interest paid by two directors to fund their business could be claimed against their tax bills. What was the outcome?
Published 14.12.2011
Some MPs have been claiming tax relief on expenses they’ve received to cover the fees they pay their accountant for filling in their tax returns. Is this something you or your business could do?
Published 18.06.2009