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  • Tips & Advice Tax - HMRC tweaks guidance on tax-free phones
    HMRC tweaks guidance on tax-free phones..Two tax-free phones. HMRC has recently confirmed that it’s possible for an employee or director to have two tax-free mobile phones where one of them is for business use and the private use is insignificant. But the exemption doesn’t apply to a phone provided as part of a salary sacrifice arrangement. It also doesn’t apply to a phone given to a member of an employee’s family (see The next step ). The next step For a link to HMRC’s revised guidance, visit http://tipsandadvice-tax.co.uk/download...
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  • Tips & Advice Tax Pro - Avoiding problems with trivial benefits
    The exemption for trivial benefits is very useful. However, HMRC has recently reminded employers to ensure what they are providing actually qualifies under the rules. How can your clients avoid problems?
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  • Tips & Advice Tax - Inventive ways to use trivial benefits
    Despite the tax and NI exemption for trivial benefits being more than three years old, business owners are sometimes mystified about when and how they can use it, especially for themselves. How can you get the most from it?
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  • Tips & Advice Tax - How exempt are your training costs?
    One of our subscribers is running a two-day training session for some of his staff. He’ll cover their costs for attending. He’s happy that the main expenses, e.g. the hotel, are tax exempt but what about the extras like childcare?
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  • Tips & Advice Tax - Can you choose who to offer a tax-free perk to?
    You want to use tax and NI-free perks to improve the value of salary packages for some of your staff. Paying for pensions advice is one possibility but HMRC’s conditions make it tricky to target this tax break. Is there a workaround?
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  • Tips & Advice Tax - Important change to cycle-to-work scheme
    Important change to cycle-to-work scheme..Tax-free perk. The cycle-to-work scheme encourages employers to help their employees go green by getting on their bike to commute to work. Where an employer provides a bike to an employee (without transferring ownership to them) it doesn’t count as a taxable benefit in kind. £1,000 limit. Until recently where there’s a hire agreement between the employer and employee (directly or, as is often the case, involving a scheme run by a third party) it must either provide...
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  • Tips & Advice Tax - When can you be taxed for parking at work?
    Your business has relocated to premises with fewer parking spaces. You’ve rented extras in a private car park a fair walk from the office. This can count as a taxable perk for employees who use them but when does this rule apply?
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  • Tips & Advice Tax - Confusion over trivial benefits exemption
    During an HMRC webinar the host dug herself a hole when explaining the tax position for low cost perks. She said that snacks regularly provided by an employer aren’t exempt. She was wrong but is there any truth in what she said?
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  • Tips & Advice Tax - Trivial benefits - the VAT and CT consequences
    HMRC’s webinar on trivial benefits for employees gives helpful guidance about income tax and NI but doesn’t tackle the corporation tax and VAT consequences. If you intend to provide trivial benefits what do you need to know about these?
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  • Tips & Advice Tax - Relocating home using your company’s cash
    In some circumstances a business can pay the home relocation costs of employees or directors tax and NI free. This can include providing low or interest-free loans. What are the conditions for this exemption and how long can it apply?
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