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Archive for July, 2017

How to buy £300 of wine through your limited company TAX FREE

This corker (excuse the pun) of a tax loophole has just come to our attention. Yes – HMRC have introduced a tax loophole allowing you to buy wine through your limited company – what a result for us wine lovers! The new “trivial benefits exemption” introduced earlier this year means that, as a director of[...] Read more »

Increased Tax for Landlords

Increased tax for landlords will start to hit home this year now that, from 6th April 2017 -to April 2020, HMRC are progressively reducing the deduction for finance costs to the point that you will only be able to deduct 20% of the cost from their personal tax liability. Higher and additional rate tax payers[...] Read more »


 

 

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