Members of Parliament

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The following Employment Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:

Members of Parliament
Travel and subsistence expenses
Members of Parliament
Tax and NIC treatment
Members of the Scottish Parliament or the Welsh Assembly
Tax and NIC treatment
Travel and subsistence by Ministers
Accommodation expenses
Termination payments

This content is no longer in use on TolleyGuidance

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Taxation of loan relationships

The vast majority of companies will have loan relationships and so will need to consider how they are taxed under the loan relationship rules. There are also specific provisions dealing with relevant non-lending relationships and other deemed loan relationships. Companies are generally taxable on

Trading profits and losses and tax credits

Migration of tax credits to universal creditNew claims for tax credits are no longer possible as they have been replaced by the universal credit for all claimants. Existing claimants will continue to receive tax credits until they are migrated to the universal credit system. Migration will take

Definition of a close company

The detailed definition of a close company is set out below but in summary the rules are targeted at those companies where the owners can manipulate the activities of the company to influence their own tax position. Therefore, broadly speaking, most owner-managed or private family businesses will be

Requirement for estate accounts

Duty to prepare estate accountsThe Personal Representatives' (PRs) legal obligation to prepare accounts is set out in Section 25 of the Administration of Estates Act 1925. Their prescribed duties include:when required to do so by the Court, exhibit on oath in the Court a full inventory of the estate