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Tax Free Christmas Parties!

1 November 2018

Although the tax legislation contains an exemption to prevent employees from suffering a benefit-in-kind tax charge on the staff Christmas party, the exemption is limited in scope and application. It is unwise to assume that there will be no tax to pay…

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Budget 2018 – Is austerity finally coming to an end?

30 October 2018

Going into Budget 2018, between leaks and political instability, few expected Chancellor Philip Hammond would have surprises left to spring.

How wrong we were.

Under pressure to support No 10’s ’end of austerity’ message, bolstered by revised growth forecasts from the Office of Budget…

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Autumn Budget 2017

23 November 2017


Chancellor Philip Hammond said he’d take a “balanced approach” to his second Budget of 2017.

Once again the speech was light on headline-grabbing finance changes and there were no ‘giveaways’ or major surprises.

Instead, the chancellor focused on measures to prepare the economy for post-Brexit life.

Raising productivity is key to boosting…

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September 2017 – Trivial benefits

Remember that from 6 April 2016, benefits are exempt from tax and NICs if all the following conditions are satisfied:

  • the cost of providing the benefit does not exceed £50;
  • the benefit is not cash or a cash voucher;
  • the employee is not entitled to the benefit as part…

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September 2017 – New company loss rules go ahead

The Finance Bill due to be debated in early September will finally include the new rules for the set off of company losses that were originally announced in March 2016.

As a result of the first Finance Act being rushed through due to the snap General Election the legislation to…

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