Monthly Archives: March 2011

Directors’ loan accounts, a note of caution

It is established practise in small and medium size companies for owner directors to withdraw sums from the business ‘in lieu of salary’ and then, at the year end, to declare a dividend to clear to nil any balance on … Continue reading

Posted in Business, Corporate, Taxation | 1 Comment

New fuel rates for company cars

HMRC has updated the advisory fuel rates applicable where employers reimburse employees for business travel in their company cars, or require employees to repay the cost of fuel used for private travel.  From 1 March 2011 the rates are: Engine size … Continue reading

Posted in Employees, Employers, General news, Taxation | 1 Comment

Taxman considers amnesty for heating engineers

Permanent secretary for tax Dave Hartnett has suggested that gas fitters could be the next professional group to be offered a disclosure opportunity. Following tax amnesties for offshore account holders and healthcare professionals, HM Revenue & Customs (HMRC) may offer … Continue reading

Posted in Corporate, General news, Taxation | Leave a comment