An Expensive Mistake! Incorrectly Treating Company Cars As Pool Cars

An Expensive Mistake! Incorrectly Treating Company Cars As Pool Cars

Treating a company car as a pool car is not as straightforward as some employers might think A ‘company car’ (which broadly means an employer-owned car in this article) is often seen as an expensive ‘perk’ of employment in tax terms. It may therefore appear attractive to argue that a car provided by the employer. Read more

HMRC Enquiries: Closure Notices

HMRC Enquiries: Closure Notices

When might it be appropriate to apply to the First-tier Tribunal for a direction for HMRC to close an enquiry? The self-assessment tax regime is built around a system known as ‘process now, check later’. In other words, HMRC will generally process a taxpayer’s self-assessment return as submitted, but has the power to subsequently open. Read more

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