Special tax rules apply to scholarships, which include exhibitions, bursaries or other similar education endowments. Provided certain conditions are met, there will be no tax or reporting implications where an employer funds a ‘fortuitous’ scholarship for an employee’s family member. Broadly, this means that there must be no direct connection between the employee working for…
November 21, 2019 Gold Stag Accounts
- Landlords: Dealing with finance costs correctly
- Are you making the most of the Capital Gains exemption for married couples and civil partners in transferring assets?
- The high-income child benefit charge explained
- Have you overpaid an employee? Here’s what to do…
- Using company vans for tax-free home to work travel
- Utilising the 2019/20 dividend allowance
- Can my company buy me a new bicycle?
- Help employees beat the post-Christmas bulge
- Party time for small companies
- Annual investment allowance or writing down allowance?
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Only travel short distances for business? Want to keep fit? Simply want to be more 'green'? Using a vehicle means you can claim 45p a mile which just about covers fuel for some larger vehicles. However, ride a bicycle and you can claim 20p per mile. Easily covering your costs!
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