Wondering about jury service UK pay? Our article can help you! During jury service there is no statutory entitlement for an employee to be paid by his employer, unless there is a clause in their contract regarding such a situation. Employees are however entitled to claim allowances from the court to cover travel and subsistence costs… Read more »
Posts By: ilyas Patel
Tax Efficient Children’s University Fees
The cost of going to university and living away from home can come up to £20,000 per year. Because students usually don’t have enough time to get a decent job to cover their expenses, the bills often fall to Mum and Dad. Mum and Dad are often higher rate taxpayers. Therefore, it will cost them £33,333… Read more »
Footballer Alexis Sanchez Sentenced For Tax Fraud
Alexis Sanchez was accused of evading €1m (£890,000) in 2012 and 2013 whilst playing for Barcelona. He used a company in Malta in order to avoid being taxed on image rights. However, he has now accepted a 16-month prison sentence for committing the fraud. Fernando Felicevich, Sanchez’s agent, have since stated that the alleged crimes… Read more »
Dodgy Excuses And Expense Claims
Every year, following the 31 January Self-Assessment deadline, HMRC exposes a number of interesting excuses for not completing tax returns online. The most interesting ones are the following: Late Filing Excuses I couldn’t file my return on time as my wife has been seeing aliens and won’t let me enter the house. I’ve been far too… Read more »
January Tax Return Traps
The deadline for filing a paper tax return has already passed. However, you still have a few weeks to submit your online tax return. This needs to be filed by midnight on 31 January 2018. You need to file a self-assessment tax return if you: are self-employed earn more than £100,000 a year have… Read more »
Auto – Enrolment Traps To Look Out For
Auto enrolment has been gradually phased in by The Pensions Regulator. However, from 1 October 2017, first time employers will need to comply with the legislation immediately. It’s essential that these employers understand their legal obligation and discharge them. If they failed to do so, fines will be imposed at a rate of up to… Read more »
Free App For Taxpayers Offered by HMRC
HMRC is endorsing a new app which allows taxpayers to view their tax code and an estimate of the tax to be paid. The app is available from the app store for iOS and Google Play Store users. To use the app, users will need to enter their government gateway ID and password. Users will… Read more »
FREE Champagne From The Taxman
Treat your employees with tax-free champagnes this holiday season ! As long as it doesn’t exceed the trivial benefit threshold and certain conditions are met, your other presents could also be tax-free ! THE RULES The cost of providing the benefit should not exceed £50 per employee The benefit is not a cash or cash… Read more »
Weird And Wonderful Things With Family Companies
There is a misconception that “Family Investment Companies” are complicated and are only relevant to rich families. However, this is clearly not the case ! A Family Investment is simply a company where the shares are held by family members. It’s possible that one can do weird and wonderful things with the share capital, but this… Read more »
Get On Your Bike
You can get a bike and cycling equipment worth up to £1,000. Here’s how . . . The HMRC “Cycle-to-Work” scheme allows you to enter into a hire agreement with your employer or your business in order to pay back the amount. This is typically done through monthly salary sacrifice over the period of 12… Read more »
