Does the decision to leave the EU mean that your business can now completely ignore all European legislation?
Although we've voted to leave the EU, you must continue to comply with all EU-derived laws as normal. This may change after our official exit date but everything depends on the agreed departure terms.
Saturday, 16 July 2016
Tuesday, 31 May 2016
HMRC's new guidance on business travel
Business travel expenses which you pay or reimburse to your employees are now exempt from tax and NI, as long as HMRC's conditions are met. What are these and how can you be sure of meeting them?
To be exempt, an expense must be "wholly, exclusively and necessarily" for the purpose of the employee's job. Use HMRC's revised guide to travel expenses (Booklet 490) to help you decide if the exemption applies. As long as you can show you followed its advice you cannot be held liable for getting it wrong.
To be exempt, an expense must be "wholly, exclusively and necessarily" for the purpose of the employee's job. Use HMRC's revised guide to travel expenses (Booklet 490) to help you decide if the exemption applies. As long as you can show you followed its advice you cannot be held liable for getting it wrong.
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