S R Lynn & Co·Blog

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When are staff discounts tax efficient?

Staff discounts provide a valued perk for the employee and usually cost the employer next to nothing. Whether it’s a modest discount for supermarket employees or a free ticket for airline staff, the underlying tax principles are the same.

Using the EIS to unwind capital gains tax

You inherited shares from your father last year and sold them several months later making a tidy capital gain. You’ve read that the enterprise investment scheme (EIS) can defer the resulting tax bill, but how might it reduce it?

Recovering underclaimed input tax

Your business has incorrectly failed to claim input tax on a particular expense for five years. You know it can only be corrected for four years to comply with the legislation, but are you aware of a potential three-month extra claim in some cases?

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