December • Gifts to charity

December • Gifts to charity

December • #04 GIFTS TO CHARITY Where possible higher rate taxpayers should “Gift Aid” any payments to charity to provide additional benefit to the charity and for the individual to obtain additional tax relief on the payment. For example where an individual makes a...
December • Gifts of up to £50 to employees

December • Gifts of up to £50 to employees

December • #03 GIFTS OF UP TO £50 TO EMPLOYEES From April 2016 new rules were introduced to allow employers to provide their directors and employees with certain “trivial” benefits in kind tax free. The new rules were brought in as a simplification measure so that...
December • Christmas is the time for giving

December • Christmas is the time for giving

December • #01 CHRISTMAS IS THE TIME FOR GIVING Those thinking about making gifts at Christmas should take advantage of the various inheritance tax (IHT) exemptions and reliefs available to them. Note that certain gifts can also have capital gains tax (CGT)...

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