In the realm of employee benefits, certain tax exemptions can significantly enhance their value. One such exemption, particularly valuable, pertains to employer-provided mobile telephones. Hereโs a comprehensive guide on how this exemption works, potential pitfalls to avoid, and key considerations: 1. Provision of the Phone The tax exemption applies under specific conditions: Ownership: The mobile
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If used correctly, dividend waivers can be an effective planning tool, particularly where one shareholder is a higher-rate or additional rate taxpayer and others are not. However, several points need careful consideration. When a private limited company is incorporated, it is usual for the issued shares to be created as ordinary shares divided into set
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