Personal & Employment Taxes

  • As an experienced adviser within the motor industry ASE can determine the best way for motor business owners to remunerate themselves and their employees
  • ASE's industry knowledge means that ASE can minimise your exposure to Inheritance Tax
  • Motor industry specific health-checks for PAYE/NIC are offered to ensure optimum accounting procedures and practices
  • ASE's expertise will extend tax planning benefits within a dealer to improve motivation and performance

As a trusted personal tax adviser to the majority of ASE's owner managed motor businesses, we can plan more efficiently for our related private client's needs. We constantly reappraise the shareholders' personal position to ensure optimum methods of remuneration.

The motor industry has evolved to produce many second and third generation family-run businesses. ASE are experienced in identifying inheritance tax traps, and can propose plans to mitigate, or avoid, Inheritance Tax charges arising upon succession.

As PAYE and NIC are the most significant taxes paid by a motor dealer, as with our VAT service we offer on-site PAYE and NIC 'health-checks' to ensure employment taxes are being accounted for correctly.

Using ASE's in-depth motor industry knowledge, our employment tax planning arrangements have been specifically designed to serve the needs of the dealer. This delivers tax efficient benefits and remuneration packages to directors and other employees, with a positive impact on staff motivation and retention levels.

ASE's expertise covers all areas of taxation incurred both personally, and as an employer. Services include:

  • PAYE compliance
  • Employers compliance
  • Personal tax compliance and consulting
  • Shareholder remuneration planning
  • Company car strategies
  • Limited Liability Partnership Planning

Personal & Employment Taxes in action

A multi-franchise business approached us following an HMRC Compliance Review, which had taken place before our involvement. They were faced with a potential PAYE bill in excess of £300,000 before taking into account interest and penalties. The issue was whether the company car drivers had received any fuel for private use in their company cars, a topic which is currently seeing a great deal of interest from HMRC.

Using our tactical approach to negotiating with the Inspector, whilst conceding on some points, the final settlement was reduced by some 84% which included a small amount of interest but no penalties.