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The HaesCooper Resource Centre

News and advice by HaesCooper – the latest news affecting you and your business from HMRC and other sources.

Date: 4th May 2017 | Post by: HaesCooper | Category: Company Tax Updates & Information
Two new rules have been created to counter certain company car and van schemes that HMRC considers unfair tax avoidance. When will they take effect and what action should you be taking before then? Changing the rules to suit During the last couple of years tribunals have disagreed with HMRC’s interpretation of the rules on...
Date: 4th May 2017 | Post by: HaesCooper | Category: Company Director Information
From April directors can borrow more from their company without being taxed. The downside is that the company still faces a tax bill. As a director how can you take advantage of the new tax break without your company being hit? Company loan recap If you borrow money from your company there are two possible tax charges. The...
Date: 20th April 2017 | Post by: HaesCooper | Category: Personal Tax Updates & Information
You’ve missed the 31 July self-assessment payment deadline for your second self-assessment income tax payment on account. What are your options and what can you expect from HMRC? HMRC’s pound of flesh If you’re late paying your July instalment of tax, HMRC will charge interest at 2.75% (3% until 23 August 2016), no ifs or...
Date: 20th April 2017 | Post by: HaesCooper | Category: HMRC Updates
Following consultation, the government has published draft new rules on employee termination payments. As an employer, how and when might they affect you? More tax please! The government has made no secret about needing to tighten its purse strings, but it’s more cagey about the other side of the coin: raising extra tax....
Date: 20th April 2017 | Post by: HaesCooper | Category: Company Tax Updates & Information
If you sell your business the buyer might offer you loan notes as payment. These can be tax efficient despite the restrictions introduced in 2010. Better still, recent changes could mean even greater savings. What’s involved? The loan note option When a company buys another business one of the ways it can reduce, or at...