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Employees

A company shareholder is considering waiving the repayment of a loan that he made many years ago to a close company. He would wish a bank guarantee to be removed.
RICHARD CURTIS reviews the ninth and tenth sittings of the Public Bill Committee’s Finance Bill debate
A limited company has substantial cash balances, but it is believed that a better interest rate can be obtained from a personal bank account. What are the tax implications if the company loans the cash to the director, who then opens an account in his own name?
A UK-resident client was employed by a foreign company, but has recently been made redundant and is to receive £20,000. Will this payment be tax free because it is below £30,000?
'Proof that Revenue pays lip service to tax issues'
Most damaging Budget legislation, claims poll
Double cabs will qualify for 100% annual investment allowance
PENNY BATES provides a refresher course on the use of loss relief for sole traders
New advisory figures for company cars
Those received now may be subject to penalty
Clarification is required as to what must be declared on returns of expenses and benefit forms P11D. For example, should this include train tickets purchased for business travel? Also, what is the position regarding items purchased by the employee on behalf of the employer and then reimbursed?
LINDA PULLAN provides an end-of-year reminder
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