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Download PDF of Business Expenses, Benefits and Loans Employee expenses An employer may reimburse an employee for an expense tax-free if it is incurred wholly, necessarily and exclusively in the performance of their employment (s.336 ITEPA 2003).  Where an employee incurs a cost on behalf of the company, tax & National Insurance Contributions (NICs) relief is given by ...

After leaving the EU, the UK has lost the benefit of being a part of the EU Interest and Royalties Directive, where withholding taxes were removed on interest and royalty payments between EU member states. Companies resident in EU member states who receive interest and royalty payments from the UK may no longer benefit from withholding tax exemptions. The UK's ability to withh ...

For the seventh year running. Ward Williams took part in the Weybridge Rowing regatta. The regatta is organised by Weybridge Rowing Club, along the River Thames. The Regatta was created as a community initiative for local businesses to meet, network and compete in a sporting environment. This year the crew was made up of Alex Pendle, Sarena Harwood, Lee Langridge and Andrew F ...

The Coronavirus Job Retention Scheme (CJRS) is being wound down on 30 September 2021 and data published by HMRC has revealed that 1.9 million workers remain on furlough. The data showed that the number of employees furloughed on the CJRS fell by 590,000 during June. The total number of furloughed workers is 1.9 million. The data also revealed that younger workers have been le ...

HMRC has confirmed that almost 800,000 employees who have been working from home during the pandemic have already claimed tax relief on household related costs. The saving is worth up to £125 per year for each employee, and eligible workers can claim the full year's entitlement if they have been told to work from home by their employer, even if it has been for just one day dur ...

Three major consultations took place over the winter that contained proposals that could significantly impact charitable companies. These included proposals for requiring all companies to file their accounts digitally with Companies House and a shortening of the filing deadline for doing so, the powers of the Registrar to query filed information and implementing the ban on corp ...

16th July 2021 Full details of the fifth SEISS grant, including a new turnover test which determines the level of the grant, are now available. Level of grants The rules for the fifth SEISS grant are generally the same as for the fourth grant, however, a turnover test has been introduced. The fifth grant is calculated as 80% of three months’ average trading profits capped a ...

For the seventh year running Ward Williams will enter a team of 4 into the Weybridge Rowing Regatta which will take place this year on Friday 6th August. The regatta is organised by Weybridge Rowing Club, along the River Thames. The Regatta was created as a community initiative for local businesses to meet, network and compete in a sporting environment. There are 24 teams and ...

Last year CCEW undertook a ‘listening exercise’ seeking views on the adequacy of its guidance for trustees on responsible investment, the alignment of a charity’s investment policy with its mission and purpose. This exercise highlighted a number of technical and practical barriers to responsible investment, such as the apparent need for trustees to prioritise financial return o ...

The government's Coronavirus Job Retention Scheme (CJRS) begins winding down from 1 July. The latest data from the Institute for Fiscal Studies (IFS) shows that at the end of April 3.4 million jobs were still on furlough so the change to the furlough scheme will affect thousands of employers across the country. Since last March, the government has paid 80% of the salaries of ...