Tax Breaks
Five powerful Tax Breaks every month. See how much they could save you

December 2012

  • The advantage of an employment contract

    Directors who don't have an employment contract with their company can dodge the National Minimum Wage rules. But this could mean your company misses out. How can you get the best of both worlds?

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  • Can you register for VAT advantages?

    An advantage to VAT registration is that your business can reclaim the VAT it pays on purchases. But some organisations, such as charities, miss out because they aren't entitled to register. Can you work around this rule?

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  • Work-to-work travel

    You can't usually claim a tax deduction for the cost of travel between your home and normal place of work because this doesn't count as a business journey. But that's not always the case. What are the exceptions?

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  • Giving and getting (extra tax relief)
    Making a gift to charity comes with a feelgood factor. And if you’re a higher or additional rate taxpayer you’ll be rewarded for your generosity with a little something from the Taxman. When are you entitled to this extra tax relief?
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  • Doing up a business premises with a little help from the Taxman

    As a rule, you can't claim a tax deduction for the cost of structural work or improvements to your business premises. However, if you're willing to renovate a vacant rundown building, the Taxman might agree to chip in.

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Tax Breaks Directory

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