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Budget March 2016 – Company directors – Beware!

 

Rate of tax for the loans to Directors to go up!

Who is likely to be affected?

Close companies which make loans to their directors or make other arrangements through which directors extract funds from their companies.

General description of the measure

The rate of tax charged on loans to directors and other arrangements (currently 25%) is being specifically […]

By |March 18th, 2016|Tax|0 Comments

PROFIT EXTRACTION

When will the new dividend tax be payable?

A hike in tax rates will affect dividends you receive on or after 6 April 2016. Working out how much the extra tax will be is tricky enough, but when and how will you be expected to pay it?

New tax rules – recap

As a shareholder you’ll be aware […]

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EXPENSES

Are meals on the company ever tax deductible?

These days business lunches etc. are a common expense for most companies. The tax deductibility depends on who’s being fed and why. What are the rules and how can you work with them to maximise tax efficiency?

Meals are entertaining

As you probably know, tax rules don’t allow deductions for […]

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