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  • Car Capital Allowance

    Capital allowance changes ahead

    How many of you remember the old expensive car rules and the £12,000 limit? Time flies when you are having fun! We have had a system for capital allowance for some years now that allow capital allowances on cars by reference to the CO2 emissions.

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  • Mercia Blog HMRC - what can they make you do

    HMRC – what can they make you do?

    Some of you may have seen the recent Channel 4 documentary following HMRC ‘clamping down on tax dodgers’. Whilst all very interesting, the programme focused on high-level fraud and the world of prosecution. It was not applicable to most normal people though.

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  • Mercia Blog TTYC Company Car Changes July 2017

    Company Car Changes

    There are significant rises ahead for company car drivers. The upside of these changes is that we know they are coming and so new purchases of vehicles can take account of them.

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  • Mercia Blog Liquidations beware

    Liquidations beware

    The government has become concerned about companies being run for a short period of time, liquidated and then the trade restarted in another business vehicle. In order to address this, a new Targeted Anti-Avoidance Rule (TAAR) has been introduced which applies to certain company distributions in respect of share capital in a winding up.

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  • Mercia Blog Simple Assessment Tax Returns

    Salary Sacrifice Arrangements

    The Government have become concerned that salary sacrifice arrangements are being used in an abusive manner and so new rules are introduced to limit the income tax and employer NIC advantages where benefits-in-kind are provided through salary sacrifice arrangements (described in the legislation as optional remuneration arrangements).

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