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Tips & Advice You & Your Business

Year

Issue 22 - 19.09.2018
- 1. Beware HMRC’s double accounting
- 2. Certification schemes losing appeal
- 3. Improving your premises - a hidden tax trap
- 4. Are you billing enough?
- 5. Is this the end of tax relief for pensions?
- 6. Unfairly dismissed for making private journeys
- 7. Bulbs ban in force
- 8. The Small Business Commissioner’s website
- 9. Contracts: are electronic signatures valid?
Issue 21 - 06.09.2018
- 1. New trade marks rules
- 2. Bulk buy or not?
- 3. What’s the real limit of tax-free homeworking payments?
- 4. E-mail excess
- 5. VAT - the hidden price of buying a commercial property
- 6. £83,000 for director who “tried to steal company”
- 7. Water costs - every drop counts
- 8. HMRC to charge fees for issuing penalties
- 9. New rules for employee travel allowances
Issue 20 - 11.07.2018
- 1. Childcare - more good news
- 2. Irrelevant alternatives to boost webshop sales
- 3. Avoiding HMRC’s anti-avoidance trap for entrepreneurs
- 4. Self-employed contractor was really employed
- 5. Staff perks - are you missing out on VAT recovery?
- 6. Get yourself an award?
- 7. The potential in part-time working
- 8. £4 million for plastic waste reduction ideas
- 9. Invite to the Companies House user panel
Issue 19 - 27.06.2018
- 1. Justify your salary?
- 2. Can contracts be varied orally?
- 3. Can your company help with the cost of equipment?
- 4. Speedy bank switching?
- 5. Maximise tax refunds for share losses
- 6. Finding your purpose?
- 7. Motorway meetings - madness and magic
- 8. HMRC “quality standard” for P11Ds
- 9. Q&A - payments to a former employee
Issue 18 - 13.06.2018
- 1. Green light for Welsh tax
- 2. The ten craziest workplace rules
- 3. A working holiday - is it tax deductible?
- 4. Bike at the Taxman’s expense
- 5. Cutting the cost of training young employees
- 6. Sit or stand to improve productivity?
- 7. Pay in lieu if they choose not to take holiday?
- 8. ICO’s new GDPR lawful basis guidance tool
- 9. Companies House complaints scam
Issue 17 - 31.05.2018
- 1. The GDPR: ICO’s guidance on consent
- 2. Zero in on zero hours?
- 3. What are the best company cars for tax deductions?
- 4. Boxed into a corner by online shoppers?
- 5. HMRC reporting - contractors risk heavy fines
- 6. Cost cutting: paper towels v hand dryers?
- 7. Energy reviews made easy
- 8. New tax on business waste disposal
- 9. Q&A - should we deduct tax from expenses?
Issue 16 - 17.05.2018
- 1. HMRC’s deal with online trading sites
- 2. The benefits of delegation
- 3. More trouble with PAYE code numbers
- 4. Better driving data
- 5. Directors - does it always pay to take a salary?
- 6. Football fever?
- 7. Employee diagnosed with heart condition
- 8. Q&A - the GDPR and data subject access requests
- 9. What does Brexit mean for .eu?
Issue 15 - 02.05.2018
- 1. GDPR: your register of breaches
- 2. Is it time to not like Facebook?
- 3. New car and van fuel exemption - details revealed
- 4. Be smart on mobile phone deals
- 5. Can you reduce the tax and NI on company loans?
- 6. Is there a legal right to smoking breaks?
- 7. Co-working solution?
- 8. HMRC 2017/18 P11D guidance released
- 9. Employer childcare scheme extended
Issue 14 - 18.04.2018
- 1. IR35 defeat for HMRC
- 2. Driving for work: the MOT rule changes
- 3. Company perks for your spouse - are they tax efficient?
- 4. Do you have a gender pay gap?
- 5. Recycling phones - is there a security risk?
- 6. Compare safely
- 7. Can HMRC refuse a VAT claim for non-vital expenses?
- 8. Q&A - the GDPR: what is personal data?
- 9. Q&A - questions about retirement
Issue 13 - 06.04.2018
- 1. The GDPR: reporting data breaches
- 2. Don’t ditch the diesel just yet
- 3. Repair costs - avoiding an HMRC trap
- 4. A new tactic to stop late payment
- 5. Introducing “TheMusicLicence” for businesses
- 6. Fancy using a freelancer?
- 7. Practical tips for reclaiming VAT on your home bills
- 8. The 2018 Spring Statement
- 9. New year tax code warning
Issue 12 - 21.03.2018
- 1. New VAT scheme open for registration
- 2. Don’t make a chicken out of a crisis
- 3. Employers and the new termination payment rules
- 4. Finding a decent accountant
- 5. Tribunal rules on tax deduction for children’s wages
- 6. Can a director countersign a passport application?
- 7. Trade show tips and tactics
- 8. £10 banknote goes polymer only
- 9. HSE guidance: first aid and defibrillators
Issue 11 - 07.03.2018
- 1. The 2018/19 statutory rates
- 2. The cost of auto-renewal
- 3. New law to replace HMRC concession on directors’ fees
- 4. Use plants to clean pollution
- 5. Divorce: does the value of your business matter?
- 6. Time to ditch the annual review?
- 7. VAT savings for company owned buy-to-lets
- 8. Getting the (tax) credit you’re due
- 9. Is HMRC’s personal tax app worth using?
Issue 10 - 21.02.2018
- 1. Want to give MTD for VAT a go?
- 2. Fake reviews still in the news
- 3. Directors’ bonuses - when can you take them?
- 4. Gel up to cut sickness absence
- 5. Avoiding the buy-now-pay-later tax trap
- 6. 20 directors disqualified over right to work checks
- 7. Plastic-free fantastic?
- 8. Q&A - must we have a data protection officer?
- 9. The new Whatsapp for Business app
Issue 09 - 07.02.2018
- 1. GDPR: changes and new fees
- 2. 5p bags all round?
- 3. Mileage allowances and borrowed cars
- 4. Better broadband for your business?
- 5. Selling or buying a business - what’s the VAT position?
- 6. Basic criminal records checks - what’s changed?
- 7. The price is right (isn’t it?)!
- 8. HMRC offers help following Carillion
- 9. HMRC’s updated approved expenses list
Issue 08 - 24.01.2018
- 1. HMRC’s guide to the new benefits rules
- 2. Healthy eating = healthy business?
- 3. When can you reduce your self-assessment tax bill?
- 4. Test your website for success
- 5. Public sector contracts - maximising tax deductions
- 6. Director fairly removed for expressing an opinion
- 7. Property switch - energy switch?
- 8. Q&A - clearing snow and ice from pavements
- 9. Fake government grants for businesses
Issue 07 - 10.01.2018
- 1. The ban on card surcharges
- 2. Time to go local?
- 3. Tax-free perks for business travellers
- 4. Efficient buildings: good news for tenants
- 5. HMRC loses termination payment tax and NI
- 6. Greater productivity by keeping the noise down
- 7. Taking care of waste
- 8. Tax refunds going astray
- 9. Government backs down over staircase tax
Issue 06 - 13.12.2017
- 1. Budget - change ahead for businesses
- 2. Getting paid under the new insolvency rules
- 3. Equipment - get tax relief sooner rather than later
- 4. Cost-effective self-storage solutions
- 5. Directors losing out on Tax-Free Childcare
- 6. Health and safety fines doubled
- 7. Free Wi-Fi for customers?
- 8. Minimum wage changes on 1 April 2018
- 9. Trainline for business
Issue 05 - 29.11.2017
- 1. Attack on company owners halted
- 2. Tips for reducing your accountant’s bill
- 3. VAT, Christmas, seasonal gifts and parties
- 4. Refusing a home visit on safety grounds
- 5. Can you transfer personal income to your company?
- 6. Insurance claims denied due to missing documents
- 7. Small companies and modern slavery statements
- 8. Free GDPR helpline from the ICO
Issue 04 - 15.11.2017
- 1. Must you improve diversity?
- 2. The pros and cons of a DIY divorce
- 3. Avoid a PAYE and NI trap on personal bills
- 4. Business travel: have your say on hotel deal sites
- 5. Is the cost of travelling to a board meeting tax exempt?
- 6. Can you force the postponement of jury service?
- 7. When are company loans to directors not taxable?
- 8. RBS to compensate small businesses
- 9. Microsoft puts Clutter in the bin
Issue 03 - 01.11.2017
- 1. Errors in HMRC’s tax calculations
- 2. Does the SBC have any teeth?
- 3. HMRC is demanding tax sooner
- 4. Director banned for taking a bonus
- 5. Are your staff training costs tax exempt?
- 6. Online and mobile payment options
- 7. Why cheaper waste removal can prove costly
- 8. Q&A - can we dismiss due to a driving ban?
Issue 02 - 18.10.2017
- 1. The flight to nowhere
- 2. Can you save VAT by leasing a car?
- 3. New steps needed before court action
- 4. Taxable perks and an NI loophole
- 5. Closing a company and getting your money out
- 6. How to properly induct a new hire
- 7. Inspecting a company’s register of shareholders
- 8. First auto-enrolment prosecution
- 9. Primary Authority services upgraded
Issue 01 - 04.10.2017
- 1. Debt help delayed
- 2. Updating terms and conditions - a trap
- 3. Reducing the tax cost of a family car
- 4. The “opt to tax” VAT trap
- 5. A reminder about employers’ liability insurance
- 6. Director wins £1.7 million for unfair dismissal
- 7. Are exclusion clauses enforceable?
- 8. Get rid of round pound coins now!
- 9. Identity theft reaches “epidemic” levels

Tax - directors’ loans

02 May 2018

Can you reduce the tax and NI on company loans?

Our subscriber’s company lent him a large sum shortly before the end of the last tax year. His bookkeeper says that the timing of the loan means he and the company face a large tax and NI bill. Why and is there a way to dodge it?

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Indicator - FL Memo Ltd
Tel: (01233) 653500. Fax: (01233) 647100
customer.services@indicator-flm.co.uk
www.indicator-flm.co.uk

Calgarth House
39-41 Bank Street
Ashford, Kent TN23 1DQ

VAT GB 726 598 394
Registered in England
Company Registration No. 3599719