Insights

HMRC has amended its guidance on the tax payable for electric charging of company cars and vans at residential properties. Previously, if…

Business Asset Disposal Relief (BADR) offers reasonable tax relief for business owners and shareholders but there are strict qualifying criteria that must…

The substantial shareholding exemption (SSE) is tax relief that is available to companies that pay UK corporation tax. If available, it can…

Do your eyes glaze over when you get HMRC’s letter in the post informing you what your tax code is? And can…

It is common knowledge that if you use a privately owned car for business purposes, you are entitled to claim tax relief…

Although HMRC may be quite understanding when it comes to being a little bit late with tax payments, it is probably not…

Basis period reform is an accounting change that was introduced in the 2021 Autumn Budget and is in the process of becoming…

There are some significant changes that have recently been introduced in relation to R&D tax credits, with effect from varying dates. These…

A well established business to business loyalty card scheme, B2BTradecard, may be resulting in unforeseen tax implications for its users. This loyalty…

Employee share schemes are often a good way to incentivise staff; by giving them a share in the future success of the…

In the same way that businesses generate revenue projections to help them plan for the future, HMRC adopts a projected income approach…

Any taxpayers that only receive their income through PAYE and who are earning between £100,000 and £150,000 will no longer be legally…

We always try to stay vigilant and warn readers about scams and fake emails. A new one has been doing the rounds,…

HMRC has been using nudge letters to prod taxpayers who they believe could have either underpaid tax or made a mistake on…

Previously, some smaller SME businesses with annual sales of less than £150,000 have found the flat rate VAT scheme beneficial and regarded…