Author Archives: Kamlesh Rajput

Sterling Finance Raises £6,000 For The Anthony Seddon Funds

On 15 February 2022, Curry On Business organised a charity dinner for the benefit of The Anthony Seddon Fund in Greater Manchester.  The guest speaker was Mr. Gerald Ratner, former CEO of the Ratner Group. The event marked the 10th Anniversary of Curry On Business, a non-profit networking group, in support of local businesses. Kamlesh […]

Director’s Loan And Tax

Entrepreneur’s Relief – Don’t Miss It

‘Bed and breakfasting rules’ – Director’s loan account – borrowing, repaying and then borrowing again – ‘arrangements’ Throughout an accounting period, a director will withdraw monies from the company against the director’s loan account (DLA), the withdrawals being satisfied usually by the taking of a salary and/or bonus) and/or dividends (dividends being preferable as no […]

Dynamic PAYE Tax Coding

Dynamic PAYE Tax Coding

Under the PAYE ‘Real-Time Information’ scheme employers report to HMRC electronically before making any salary or wage payments. To ensure that the right amount of tax is deducted the employer uses the Code issued by HMRC. However, every PAYE Code Number is an estimate, since HMRC cannot guarantee the allowances or deductions included in the […]

Capital Gain Tax And Different Relief

Different ways of deferring CGT by selling or gifting a business asset – hold-over relief, roll-over relief etc. Capital gains tax (CGT) is levied on capital gains made on the disposal (including gifts) of most assets. However, if the disposal is of ‘business assets’ by a trader (including a personal trading company) then it is […]

Government To Regulate Umbrella Companies

Government To Regulate Umbrella Companies

The government plans to introduce legislation to regulate umbrella companies to protect workers and clamp down on tax avoidance. The 40-page consultation document published yesterday aimed at providing an ‘up-to-date and well-informed view’ of how umbrellas operate with the aim to develop rules to regulate the market’s practices. It also aims to make sure the […]

Import Export and Custom Control From 01 Jan 2022

importing and exporting after brexit

HMRC is reminding traders to prepare for customs changes that come into effect on 1 January 2022 which will increase checks and customs declarations. Under the new rules, businesses will no longer be able to delay making import customs declarations under the Staged Customs Controls rules that have applied during 2021. Most customers will have […]

Struggling To Pay Tax – What Should You Do?

HMRC Granted New Powers To Crack Down On Covid-19 Related Fraud

The January self-assessment payment deadline is not well-timed, falling as it does in a month when people may be already struggling to pay their Christmas credit card bills. However unpalatable the 31 January tax deadline is, it is not one that should be ignored. Taxpayers who are within self-assessment will need to pay any remaining […]

Electric Charging Points – Is There a Tax Liability?

Electric Charging Points Is There a Tax Liability

In today’s blog, we look at the question ‘does a tax charge arise if an employer provides a charging point to enable employees to charge their own cars at work?’ If you’re planning to help your employees go electric, have a read by following the link below. As part of the Government’s push to encourage […]