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

July 2016

  • A joint IHT trap

    Holding money in a joint bank account can be convenient for many reasons, but it can also have unwanted inheritance tax side effects. How can you legitimately dodge these?

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  • Tax on two wheels

    Company cars have become increasingly costly from a tax point of view. On the other hand, the tax rules for motorcycles haven’t changed for years. Could you save tax this summer by roaring around on two wheels?

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  • Get your company off to a tax-efficient start

    Paying yourself dividends is more tax and NI efficient compared with taking salary from your company. But you can run into trouble with HMRC if you take more dividends than the rules allow. What steps can you take to prevent this from happening?

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  • Discounting VAT

    Special offers, discounts and BOGOFs can increase your sales. But how can you make sure you don’t end up handing over too much VAT to HMRC?

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  • Writing off a loan can save you tax

    If you owe your company money you could repay it out of your net salary. However, writing off the debt might be a better option. How can you ensure maximum tax efficiency?

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Tax Breaks Directory

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