John Davies & Co - Chartered Accountants - Wrexham - Expenses P11D Exemptions

Expenses P11D exemption PAYE settlements

Expenses Exemption In the past, many businesses have applied to HMRC for dispensations. Dispensations have allowed expenses and benefits to be provided to employees without being included on a P11D or subject to PAYE and NIC. A dispensation was only given where HMRC were satisfied that the employee would have been entitled to full tax […]

Annual investment allowance - Change Ahead - John Davies & Co - Chartered Accountants - Wrexham

Annual Investment Allowance

The Annual Investment Allowance (“AIA”) was introduced in 2008 to give businesses 100% relief for certain types of capital expenditure in the year of acquisition. In subsequent years the level of the Allowance has fluctuated from £25,000 to £500,000, which has made it difficult for businesses to know how much tax relief they will obtain when […]