S R Lynn & Co·Blog

How long does a capital loss last?

You’ve made a large capital gain from a recent sale. Capital losses can reduce the amount on which you have to pay tax but the losses you have date back decades and weren’t reported to HMRC. Is it too late to claim tax relief for them?

Articles

What’s a trivial benefit worth to employers?

14th May 2025 by Joanne Stoneman

The tax and NI exemption for trivial benefits is much misunderstood, but nonetheless very useful to employers. When can you use it, what are its advantages and are there any pitfalls to watch out for?

Should you agree to your customer’s self-billing request?

13th May 2025 by Joanne Stoneman

A customer wants to adopt a self-billing system, meaning they will issue invoices on your behalf and charge VAT or otherwise. Can you refuse their request and what are the risks of accepting?

Travel expenses - exempt or not?

9th May 2025 by Joanne Stoneman

You have several employees who travel from home or their workplace in the course of doing their job. Naturally, you meet the cost of their travel but should you be deducting tax and NI from the payments, or are they exempt?

Showing Articles 34 - 36 of 242 Articles