HMRC clarifies position on loan charge liabilities

HMRC clarifies position on loan charge liabilities

Richard Coombs, Tax Partner at Bates Weston, comments as HMRC clarifies loan charge liabilities. “HMRC have recently written to a group of MPs in the All Party Parliamentary Loan Charge Group to allay concerns about HMRC pursuing taxpayers over loan charge...
Covid impact on company car benefit

Covid impact on company car benefit

Company cars are still a common benefit amongst the UK workforce, but what is the position for the Benefit in Kind on a company car whilst the employee is working from home or has been furloughed? The benefit in Kind (BIK) on a company car can be a very costly tax...
Incentivising staff with non-cash benefits

Incentivising staff with non-cash benefits

Incentivising senior staff with non-cash benefits in difficult times When cash is king and businesses are focusing on making sure they have sufficient resources to trade, the payment of cash bonuses may be the last thing a business wants to contemplate. Business will...
R & D Tax Credits claims could improve cashflow

R & D Tax Credits claims could improve cashflow

Craig Simpson, Tax Partner at Bates Weston, looks at R & D tax credits as a way of improving your cashflow. “At this challenging time for many businesses, focus will rightly be on ensuring cash is driven into the business as quickly as possible. One area...
Tax Reliefs Available for Employees Working From Home

Tax Reliefs Available for Employees Working From Home

Richard Coombs, Tax partner at Bates Weston, considers the tax reliefs available for those working from home. “Whilst for some, working from home has been a regular part of working life for many years, for many the new enforced lockdown has meant that it is a...