Car benefit: Payments for private use – Is the timing of payments important?

Car benefit: Payments for private use – Is the timing of payments important?

An article by Mark McLaughlin The benefit-in-kind calculation for car benefit (i.e. where an employer makes a motor vehicle available for an employee’s private use) is an eight stage process. The final step in the calculation (if applicable) is to deduct “payments by the employee for the private use of the car” (ITEPA 2003, s. Read more

Paper tax returns and penalties – Take care when sending documents to HMRC by post.

Paper tax returns and penalties – Take care when sending documents to HMRC by post.

An article by Mark McLaughlin It is generally well known that the normal deadline for individuals and trustees to submit tax returns to HM Revenue and Customs (HMRC) is 31st October following the end of the relevant tax year for ‘paper’ (i.e. non-electronic) returns, or 31st January if the return is filed online. If a. Read more

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