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  • Directors Loan AccountWednesday 20th November 2019

    Keep details of your Director's Loan Account, and keep it in credit

    In a recent Tax Tribunal case the judge agreed with HMRC that a detailed breakdown of directors loan account transactions is required, including dates. The significance is that where the loan account is overdrawn (debit balance) there may be a possible P11d benefit on the director and also a tax ...

  • Electric carsWednesday 23rd October 2019

    Time for an electric company car?

    The government has announced that there will be a zero P11d benefit for the drivers of electric cars from 2020/21. This is instead of the 2% scale charge that was originally included in Finance Act 2017 to apply for 2020/21. The legislation for the change will be included in Finance Bill 2020 and ...

  • Van 2Wednesday 25th September 2019

    When is a van not a van?

    HMRC are being urged to provide clarity and consistency on the tax treatment of commercial vehicles such as VW Kombi Vans marketed as goods vehicles. The need for clarity follows the ruling in an important tax tribunal case involving “vans” provided to employees of Coca Cola. The ...

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