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Why do frozen mileage rates affect VAT?
VATYour business pays a fixed mileage allowance to staff who use their private cars for business travel. The rates published by HMRC have been frozen since 2011 but is this relevant to determine how much input tax you can claim on the payments?
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Beating the capital allowances rate reduction
Business TaxThe main rate of relief for capital allowances is reducing from 18% to 14% from April 2026. Is this something that’s likely to affect you and if so, what can you do to make the most of the current rate?
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Sharing salary with your partner
Personal TaxYou’re a director with a substantial salary and your partner isn’t working right now. If you could split your salary with your partner the tax saving would make a real difference. How can you legitimately share your salary to improve the overall tax position?
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Are you including too much income in your calculations?
VATYour business is partly exempt and you claim input tax on your mixed costs and general overheads by using the standard method based on turnover splits. What income should you exclude from the calculations?
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Directors’ fees - can you escape PAYE?
Personal TaxYou’ve been asked to join the board of a company in a purely advisory role. For tax and NI efficiency you want your fees to be paid to your own company. Does this arrangement fall foul of HMRC’s off-payroll rules?
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Is it really the end of tax relief for homeworking?
Business TaxIn her 2025 Budget the Chancellor announced the end of tax deductions for “non-reimbursed homeworking expenses”. How might the loss of the deduction affect you and is there an alternative tax relief you can take advantage of?