Potential tax increases and their impact on businesses
In recent reports, former Prime Minister Sir Tony Blair has forecasted potential tax increases that could have an impact on businesses across the UK.
Read more...10 Jul 2024
Tax News
15 May 2024
Earning between £100,000 and £150,000? Your tax return is changing
If you’re a high earner with between £100,000 and £150,000 in net adjusted income, you’ll soon receive a letter from HM Revenue & Customs (HMRC) regarding whether you need to continue submitting a Self-Assessment tax return.
Read more...14 May 2024
Furnished residential lets vs Furnished Holiday Lets – The tax situation
If you’ve invested in a property to let and furnished it, you will be liable to pay tax on the income you receive from letting the property out.
Read more...24 Apr 2024
HMRC has clarified tax rules on commuting for hybrid and remote workers
In a recent statement, HM Revenue & Customs (HMRC) has clarified travel from an employee’s home to their base office under a hybrid working arrangement does not qualify for tax relief.
Read more...9 Apr 2024
Due a tax rebate? Keep an eye on your account
In a new initiative designed to reduce paper use and unnecessary confusion, HM Revenue & Customs (HMRC) has announced a significant change to the way that taxpayers are notified of a repayment.
Read more...3 Apr 2024
Plan a little, achieve a lot – Destress with effective tax planning
April marks both the start of the 2024/25 tax year and Stress Awareness Month – a coincidence not lost on those of you who are turning your attention to tax planning for the coming year.
Read more...12 Mar 2024
Making the most of pension contributions for tax purposes
Are you ready for the end of the 2023/24 tax year?
Read more...5 Mar 2024
My business prioritises sustainability – Can I claim tax reliefs?
Investing in Environmental, Social and Governance objectives (ESG) and sustainability is becoming more popular for business owners at every level.
Read more...21 Feb 2024
Higher rate taxpayer? How to prepare for the end of the tax year
The end of the financial year is coming. 5 April is crunch time for making businesses and individual estates as tax efficient as possible.
Read more...20 Feb 2024
HMRC U-turns on its double cab pickups tax decision
HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars and not vans, which would have led to higher National Insurance Contributions (NICs) for owners.
Read more...14 Feb 2024
Tax basis – Getting ready for the end of the transitional year
Are you a sole trader or a member of a partnership? Here is what you need to know about the upcoming tax basis period reforms. HM Revenue & Customs (HMRC) is introducing changes to how it assesses and collects business taxes relating to the basis period. At the end of the 2023/24 financial year, these […]
Read more...14 Feb 2024
Putting the brakes on excessive National Insurance payments through car allowances
Businesses may be able to reclaim significant amounts of National Insurance Contributions (NICs) and plan for future savings because of a recent Tribunal ruling on how car allowances are taxed. Brought by Wilmott Dixon and Laing O’Rourke in their capacity as employers, the Tribunal upheld the firms’ argument that car allowance payments should qualify for […]
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