S R Lynn & Co·Blog

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Why do frozen mileage rates affect VAT?

Your business pays a fixed mileage allowance to staff who use their private cars for business travel. The rates published by HMRC have been frozen since 2011 but is this relevant to determine how much input tax you can claim on the payments?

Sharing salary with your partner

You’re a director with a substantial salary and your partner isn’t working right now. If you could split your salary with your partner the tax saving would make a real difference. How can you legitimately share your salary to improve the overall tax position?

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