The Chancellor, Rachel Reeves, delivered the Spring Statement on Wednesday 26 March, the link below will give you all the information and key points. If you do wish to discuss any of the contents with one of our team, please contact the office on (01623) 420269.
The run up to the end of the tax year on 5 April 2025 is a good time to check that your family and business finances are arranged in the best way possible. In this Year End Tax Planning Guide, we look at useful ways to take advantage of available tax reliefs and planning opportunities. […]
The Employment Allowance (EA) is an annual offset against your Employer’s National Insurance (NI) cost that you pay on top of your staff’s wages. From the 2025-26 tax year, the EA will be increasing to £10,500 per year (up from the current £5,000) which covers the Employer’s NI cost of 4 employees working 35 hour […]
The company car fuel rates are reviewed and adjusted each quarter on:
1 March
1 June
1 September
1 December
HMRC are bringing into line the rules for DCPU’s and Double Cab/Crew Cab vans – ie. that they are not vans for Benefit in Kind and Capital Allowances purposes but Multi Purpose Vehicles and therefore are treated the same as cars. This is following the high profile “Coca Cola” case regarding Crew Vans, which over […]
The company car fuel rates are reviewed and adjusted each quarter on:
1 March
1 June
1 September
1 December
The Chancellor, Rachel Reeves, delivered the 2024 Autumn Budget on Wednesday 30th October, the link below will give you all the information and key points. If you wish to discuss any of the contents with one of our team, please contact the office on (01623) 420269.
The company car fuel rates are reviewed and adjusted each quarter on:
1 March
1 June
1 September
1 December
If you receive tips on ‘more than an occasional’ basis, there is new legislation which is effective from October 2024, that you need to be aware of. By more than occasional, HMRC seem to deem a few tips a year as occasional and so if your business receives tips more than this, you need to […]
Hopefully you are already aware that HMRC have introduced legislation that requires certain individuals to keep and submit electronic records on a quarterly basis, for their business / rental income. MTD comes in to force from 6 April 2026 if your turnover / rental income or both added together exceed £50,000 and from 6 April […]
This guide is designed to provide you with an overview of the key tax rules from seven perspectives – that of the family; the employee; the person running their own business; the taxation of investments; disposals and CGT; property matters; and, finally, the potential liability on your estate at death. We hope you will find […]
The company car fuel rates are reviewed and adjusted each quarter on:
1 March
1 June
1 September
1 December
