London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

The important of engagements

In a recent tax case, Doran Bros v HMRC, the First Tier Tribunal, found that advice given to a business on how to reduce its tax and NICs liabilities in rewarding its employee was given for the purpose of the business - regardless of the fact that it also benefited its employees.  In this instance, HMRC had been (heavily) influenced by the fact that the business was a one-man company but that was held to be irrelevant.

It is important that businesses ensure that any advice obtained for its benefit (even if it also benefits the employees) is clearly worded to that effect. 

 

 

Date: 3rd February, 2017
Author: Cathy Corns

SHARE THIS

Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.

Tweet

“Good luck to everyone who has also made it as a finalist, I look forward to awards evening later on in the year”-L… twitter.com/i/web/status/8…

Michael Lapham shortlisted in the Money Management Financial Planner Awards 2017 bit.ly/2fL8VXBtwitter.com/i/web/status/8…

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn