HMRC review tax-free accommodation
On 14 December, HM Revenue & Customs (HMRC) issued a consultation paper examining the area of “employer provided accommodation.” The intention is “to understand how well understood the rules are, and to what extent they are still relevant and appropriate today.
Our Not for Profit team was delighted to have been singled out once again for praise by Charity Finance magazine as part of its annual survey.
The Charity Finance Audit Survey examines questionnaires completed anonymously by more than 1,000 UK charities, along with audit data from the UK’s Top 350 charities by income.
One of the final issues anybody appears to consider upon the sale of commercial property is whether the vendor has exercised an option to tax (OTT) over the property. An OTT may have been made many years ago upon purchase, or major refurbishment, but the person opting often does not retain the related documentation.
Halloween and Bonfire Night are over, Christmas is fast approaching, but we have other highlights at this time of year. I am sure many are glued to ‘Strictly Come Dancing’ and ‘X Factor’, but my favourite, as you may have gathered from previous articles, is ‘The Apprentice’.
Recently the two teams were tasked with setting up ‘handy man’ businesses, given the basic tools of the trade, a couple of initial introductions for potential work and tasked with making as much profit over two days as possible.