Taking on an apprentice

The CBI has called on the government to provide extra subsidies to help apprenticeship schemes. The employers’ group wants to see a portion of the government’s £500 million recruitment subsidy fund re-directed towards supporting new apprenticeships. Under the CBI scheme, some £125 million would go towards supporting an additional 50,000 apprentices. Employers would receive £2,500…

Travelling from home to work

If you are employed It is well established through legal cases that employees cannot claim the cost of travel between home and their normal place of work. H M Revenue & Customs consider this cost merely puts the employee in a position to perform their duties. The definition of employee in the examples that follow…

Taxation of Double Cab Pickups

There has been a lot of publicity lately about the tax advantages of running cars with low CO2 ratings. There are a number of benefits: possible 100% first year tax deduction for the cost of the vehicle, much reduced benefit in kind charges, lower road fund tax and so on. But not all of us…

Loss relief – don’t lose out!

As a measure to help businesses during the recession, the Finance Bill 2009 allows trading losses for businesses to be carried back up to a maximum of three years. To qualify the losses must be suffered: For limited companies, during trading periods ending in the two year period to 23 November 2010, and For unincorporated,…