MONTHLY FOCUS: PROVIDING FURTHER TAX-FREE BENEFITS TO EMPLOYEES

In this further examination of tax and NI free benefits. Providing benefits that are exempt from income tax is a great way to reward employees in a tax-efficient way. Which benefits qualify for tax-free treatment?

MONTHLY FOCUS: TAX PLANNING FOR MARRIED COUPLES (NON BUSINESS INCOME)

In this further look at tax-saving strategies for married couples, we turn our attention to non-business income, and how tax allowances and reliefs can be used to reduce the overall tax bill.

MONTHLY FOCUS: USING YOUR COMPANY TO DIVERT INCOME TO FAMILY MEMBERS

Operating a business through a limited company is less tax-efficient than it used to be. However, it can still be a very useful way of diverting income to other family members. In this Monthly Focus, we look at the methods, and associated considerations, involved in doing this.

Practical guide: Inheritance tax on pensions

For deaths on or after 6 April 2027, most unused pension funds and pension death benefits will be brought within the scope of inheritance tax (IHT). What does a new technical note tell us about how this will work in practice?

Practical guide: Reporting 2025/26 expenses

Practical guide: Tax-efficient will planning with residential property

An individual has a significant property portfolio which provides them with their sole source of income. They want to gift shares in some property to their daughter but retain the income. Can they do this without triggering the reservation of benefit rules?

High income child benefit charge calculator

Worried that you or your partner might have to pay the HICBC? Enter some basic details into our calculator to see if there’s any liability.

Pension relief calculator

Sometimes the tax relief you get on a pension is easy to work out, and sometimes it isn’t. Let our calculator do it for you and show the effect on your pension fund.

Dividend effect calculator

Considering paying yourself a dividend? See how it might affect your tax payments over the coming months with our quick calculator.

Alternative ways to challenge HMRC

After several months of trying to get your point across to HMRC you’re getting nowhere. Might a formal review help resolve the issue and how do you go about applying for one?

Director's or employee's loan account record

Director’s loan account record A taxable benefit in kind may arise where a director is provided with a loan, either interest free or at a rate of interest below HMRC’s official rate (3% for 2016/17). Use this document to calculate what, if anything, you need to declare to HMRC. Make a note Where a cheap rate or interest-free loan is no more than

Dividend waiver

A dividend waiver is a document produced by a sharelder to show that they have given up (waived) their right to one or more dividends that they would otherwise be entitled to. A waiver can be used in income tax and inheritance tax planning but it must be made as a deed or HMRC will not accept its validity.

Key Data Tax

All you need to know about taxes