Car mileage rates 2016/17
The information provided in blog was true for year 2016-17. For updated mileage allowance and AFR rates kindly visit https://www.dnsassociates.co.uk/blog/company-car-tax-mileage-allowance-rates If [...]
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HMRC'S "Snooper computer": exploiting BIG DATA to catch would-be tax dodgers
HMRC'S "Snooper computer" "Snooper computer", super computer, The Telegraph's article should make every would-be tax dodger sit up and appreciate how now HMRC can access both their digital and [...]
Employer national insurance rates 2016/17
National Insurance (NI) needs to be paid by both employed and self-employed workers. Employers are obliged to pay National Insurance (NI) contribution on the salary as well as benefits given to the [...]
WORKING TAX CREDIT
WHAT IS WORKING TAX CREDIT Working Tax credits are intended to provide an additional financial backing to those who have a low income. The tax credit also aims to help those who have a disability, or [...]
P800 Tax Refund Guide
What is a P800 Tax Refund? P800 tax calculation is the official name of the letter HMRC sends taxpayers if they realize that you've paid wrong amount of tax. The calculation shows the amount of [...]
Dividend Tax Calculator – 2019/20
Guide To Company Dividends, And Calculating Dividend Tax for Shareholder Individuals holding shares of a company may receive dividends. As per the new rule, starting 6 April 2016, the Dividend tax [...]
TAX CHANGES FOR 2016-17
The 2016-17 tax year has brought some major changes to the tax codes and its subsequent consequences to an individual’s personal financials. To make things simpler for our clients, we have [...]
Dividend Vouchers
What Are Dividend Vouchers? For a limited company, profit distribution can be done by means of dividends. Once a company has identified that it has adequate profits to share out as dividends, it [...]
What is Dormant Company? – HMRC & Companies House Dormant Company
Generally, a company or organisation is termed dormant if it is not doing business and does not have any other income, for example interests or investments. However, dormant means differently for [...]
Can a cab ride home reimbursed by the company be classified as taxable?
Over Christmas, you were roped into entertaining clients and it was late in the evening when you finally took an expensive cab ride home. You had this reimbursed by the company, and a colleague [...]