Tips are tax free, aren’t they?

Tips are tax free, aren’t they?

I was reviewing the way in which the calculation of payroll will work for the new Apprenticeship Levy due to be introduced in April 2017 and in principle it’s every payment that is taken into account for Class 1 NIC. So this could, in some circumstances, include...
Tax on Company Loans

Tax on Company Loans

We heard quite a lot in the Budget about the changes in taxation on dividend income – but not a lot about another tax increase relating to the use of company assets. It’s a common device for directors or participators in small companies to have a loan, in...