Changing your company car? What about a Hybrid next?

The next Finance Bill will include legislation to reduce significantly the taxable benefit on the provision of low CO2 emission cars from April 2020.

Trivial Benefits

Remember that from 6 April 2016, benefits are exempt from tax and NICs if all the following conditions are satisfied:

Managing customer experience

When we have positive interaction with a business we feel good about it and will probably tell friends or colleagues about the experience.

Rising national living wage hits SME profits

64% of small businesses are seeing profits fall as a result of the national living wage (NLW) rise, according to research.

High value dealers need to register for cash payments

Businesses accepting cash payments of €10,000 or more in exchange for goods are required to register with HMRC under money laundering regulations (MLR).

Is your company carrying out Research and Development?

Many companies are still missing out on valuable tax breaks for expenditure on research and development (R&D).

Payroll issues for employers

Employers need to keep an eye on changes affecting payroll so all employees have the right amount of tax deducted under PAYE. This is a round-up of the latest payroll-related developments.

Businesses urged to prepare for Data Protection Bill

Individuals will be able to legally ask businesses to delete certain personal data under new proposals outlined in the Data Protection Bill.

Making Tax Digital: Reporting VAT online - aren't we doing that already?

Last month we reported that the government had announced the delay of Making Tax Digital for Business (MTDfB) to 2020 at the earliest but that quarterly VAT reporting, using the new system will be mandatory from 2019.

New company loss rules to go ahead

The Finance Bill, due to be debated in mid-September, will finally include the new rules for the set off of company losses that were originally announced in March 2016.