Archive for June 16th, 2010

This has been a quiet week for news – I don’t suppose many readers will get too excited about living accommodation and lease premiums – but perhaps it gives us a little time to prepare for the Budget revelations next week. As well as the normal newsletter next week, we will be providing a summary [...]

Legislation was introduced by means of the Finance Act 2009 to prevent attempts to avoid tax and NICs by means of the payment of a lease premium rather than the full market rent for the use of the accommodation. Where the person providing the accommodation pays rent, the charge is based on the actual rent [...]