Directory results

 
Result 1 of 7 results
  • 1,500+ Business Documents - Company car running costs contribution agreement
    Company car running cost contribution agreementIf an employee or director makes a monthly contribution towards the company car, this can reduce the taxable benefit providing it can be shown that the contribution is required and is in respect of private use of the car.Monthly company car contirbutionsIt's common practice under many company car schemes for employees to have to make monthly contributions to their employer for use of the car. Providing the agreement is structured correctly, these contributions can...
    Click here
  • 1,500+ Business Documents - Employee expenses policy
    Employee expenses policyFrom 6 April 2016 responsibility for determining whether business expenses reimbursed to employees and directors are exempt of tax and NI rests with the employer. To aid with this it's good practice to have an expenses policy in place. Evidence of a legitimate claimHMRC wants to know that you have a good system in place to ensure that only expenses which are reimbursed for genuine business reasons are paid tax and NI free. Our policy covers all the rules and requirements for legitimate...
    Click here
  • 1,500+ Business Documents - Mobile phone declaration
    Mobile phone declarationThe old rule was that you could have as many mobile phones as you liked, tax and NI free. Now it's down to one per employee. If you have more than one, you will need to declare which one is to be your tax-exempt phone.Choose your exempt phoneThe tax exemption for employees who are provided with a mobile phone changed on 6 April 2006. Directors/employees provided with more than one new phone by their company will need to consider which is to be the "exempt" phone and which the "taxable"...
    Click here
  • 1,500+ Business Documents - Employee homeworking expenses policy
    Employee homeworking expenses policyThe increasing tendency for individuals to work from home raises the question of which home-related costs can be reimbursed tax free by an employer. So you'll need a company policy making it clear to your employees which expenses come with a tax bill. Working from homeThere has been a very large increase in the number of employees who work from home. A question often asked by employers is how the additional expenses the employee will incur as a result of working from home...
    Click here
  • 1,500+ Business Documents - Directors' benefits in kind - board minutes and contract clause
    Directors' benefits in kind - board minute and contract clauseWhere your company provides a director with benefits in kind, it's good practice for the arrangement to be recorded in a board minute and in the director's contract. remunertation packageThere is no need for any special wording for a board minute. The purpose is only to record that the board approved the method of remuneration for a director, therefore you just need a statement of the facts as a record for future reference. Where the nature of a...
    Click here
  • 1,500+ Business Documents - Employee personal appreciation gift letter
    Employee personal appreciation gift letterThere are very few circumstances in which an employee can receive tax-free cash from an employer. But a gift made "on personal grounds" or as a "mark of appreciation" might be one of them. How do you go about proving this to the HMRC's satisfaction?A personal giftWhere cash paid to an employee is a genuine gift in recognition of some personal quality, and is in no sense a reward for performing duties past, present or future, then it can be paid tax-free. HMRC's instructions...
    Click here
  • 1,500+ Business Documents - Employee scale rate clearance letter
    Employee scale rate clearance letterWhere you have a number of directors or employees who travel frequently, you can reduce the administration involved in processing their expense claims by giving them a flat rate allowance to cover items such as lunch and dinner. However, to avoid having to deduct tax on the amounts paid, you'll need to agree these so-called scale rate payments with HMRC.scale rate paymentsIf you provide directors and employees with a round sum allowance for some common business expenses like...
    Click here
 
Result 1 of 7 results