Not-so-trivial benefits

Not-so-trivial benefits

NOT-SO-TRIVIAL BENEFITS   If you’re a company owner/director, it’s worth knowing that HMRC allows ‘trivial’ benefits to be paid to staff without any extra tax legwork.   What’s a trivial benefit? Essentially, anything purchased for...
MTD – Some Common Sense At Last

MTD – Some Common Sense At Last

What’s happened to Making Tax Digital (MTD)? In short, a large dose of common sense. Under MTD, businesses with sales over £10k p.a. were to be obliged to hold accounting records digitally and to report quarterly to HMRC. This was hailed as the ‘death of the tax...