Understand employee expenses, taxable benefits, reporting requirements and tax-efficient reward arrangements.
Introduction Employees often pay for certain work-related costs while carrying out their job duties. These costs may later be claimed…
When Work Meets Leisure Sunny skies often spark dreams of holidays, but for many business owners, work doesn’t stop just…
Understanding Mileage Relief When employees use their vehicle or a company car for business travel and cover the fuel costs…
Understanding Your Reporting Duties As an employer, if you've provided taxable expenses or benefits to your employees during the 2024/25…
What Is the Official Rate of Interest? The official interest rate is a benchmark set by HMRC used to calculate…
As the holiday season approaches, employers can spread cheer among employees tax-efficiently by leveraging exemptions for annual parties and trivial…
Post-pandemic, homeworking has become the norm, especially with the increase in 'hybrid' working, i.e., spending part of the week at…
No tax charge arises regarding providing a nursery place for an employee’s child at a workplace nursery provided that the…
Whether a claim for the cost of work clothes is tax deductible is covered by the general rule for deduction…
Expenses incurred by an employee on behalf of a company can only be reimbursed under the 'wholly, exclusively and necessarily'…
The Approved Mileage Allowance Payment (AMAP) was introduced in 2002 as a statutory simplification to allow employers to make tax-free…
The profitability or earning capacity of a business may depend on one person or on a small number of people.…
Book a free initial consultation with Makesworth’s chartered accountants.
Book a consultation 020 7993 8850
151
