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Archive | Expenses & Benefits

‘Childcare Voucher’ Scheme changes October 2018: What you need to know!

If you or your employees are members of the Childcare Voucher Scheme, then you need to be aware of the changes that came into effect on 4 October 2018. In summary: The Childcare Voucher Scheme is no longer be available to new applicants. A new scheme ‘Tax-Free Childcare’ is now available subject to eligibility. Existing […]

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Eye Tests for Employees and DSE Workstation Assessments – Does it impact you?

I have had a couple of long days sat at my computer and whilst I love these, my eyes certainly don’t!  I don’t know if it is my age, but I really think that my eyes are more sensitive now to long periods of time staring at a screen.  If you think about most people’s […]

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Yes, you can (and should) claim VAT back on business mileage

A VansonBourne report published last year suggested that 54% of available VAT on mileage was not reclaimed by British businesses in the previous year – don’t let this be you! Reclaiming VAT on mileage can seem rather complicated however once you get your head around it, it’s actually not that difficult. Here are the main […]

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The tax position on giving Christmas gifts to your best customers

Like in our previous post “Giving gifts to charities or employees. Tax deductible or not?” giving gifts to customers and suppliers falls under the category of “entertainment”, which would mean the cost of the gifts is not tax deductible. However if: the gift is promotional in nature (ie it’s branded with the company logo) and […]

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Giving gifts to charities and employees. Tax deductible or not?

Generally speaking the giving of Christmas gifts to employees falls under the category of “entertainment” and therefore the cost of the gifts wouldn’t be tax deductible. However, there are some exceptions If the gift incorporates a clear advertisement for the business (ie it’s branded with the company logo) then it could be tax deductible, but… […]

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Tax implications of employee Christmas parties

When thinking about tax implications for your business, there are three key considerations when planning a staff Christmas party: is the cost of the party an allowable expense for business tax purposes? does a Christmas party fall under the category of a “benefit” and will my employees be taxed? can I recover VAT on the […]

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