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

October 2013

  • VAT on employee benefits - can you avoid it?

    You can reclaim the VAT you pay on purchases which you then pass on as benefits in kind to your employees. However, when you supply them you’ll usually have to account to HMRC for VAT as if you were making a normal sale; how can you legitimately avoid this extra cost?

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  • Make your job training tax efficient

    The rules don’t allow you to claim a tax deduction for work-related training costs in all situations. What steps can you take to ensure you don’t miss out?

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  • Making sure HMRC sticks to its word

    If you turn to the Taxman for guidance, direct or through his website, and he later changes his view, how can you be sure he sticks to his original advice?

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  • Escaping PAYE on company profits

    If your company makes a profit which it pays to you, but not as a dividend, HMRC will expect you to treat it as salary or a bonus on which PAYE tax and NI contributions will be payable. But how can you avoid both these liabilities?

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  • Inheritance tax for teenagers

    It might come as a surprise to you that IHT can apply to your children just as it can to you. When should you get involved with tax planning for your youngsters?

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Tax Breaks Directory

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