Making Tax Digital is no longer something that only applies to a small group of VAT registered businesses. By 2026, MTD will affect a much wider range of UK taxpayers. This includes sole traders, landlords and small businesses. All of which may believe it does not apply to them. At Stopfords, we regularly speak to […]
Firms report persistent hiring challenges due to a mix of structural labour shortages, stagnant wages, and shifting worker expectations. Even with falling vacancies. Why is this? Structural and Economic Factors Employer Challenges Labour Market Trends Cultural and Generational Shifts It isn’t much comfort, but you are not alone… We hear this everywhere and are experiencing […]
What’s New? From 1 January 2026, the audit threshold for Scottish charities (including UK Charities with dual registrations) will increase from £500,000 to £1 million in gross annual income. What This Means Why It’s Changing The Scottish Government is updating charity regulations to: What You Should Do
For Income Tax: What you need to know to get ready Making Tax Digital for Income Tax (MTD IT) will be rolled out to the self-employed and landlords in stages from April 2026. Will it happen? The MTD programme has had a history of delays. This time, however, it seems extremely unlikely that there will […]
When an employee is provided with a company car, to avoid a taxable car fuel benefit, fuel must only be provided for business travel. To ensure this is the case, two methods are available, the first being preferable: Many years ago HMRC started to issue ‘Advisory Fuel Rates’, which they allow for the above calculations […]
The Chancellor, Rachel Reeves, delivered the Autumn Budget on Wednesday 26 November, 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.
If your employees are regularly paid overtime, commissions, or bonuses, you should likely be factoring this into any holiday pay they receive. Following recent court cases and legislative updates employees should now receive ‘normal remuneration’ when they’re on annual leave, this should be calculated using a 52-week average, for all staff with regular extra payments. […]
The company car fuel rates are reviewed and adjusted each quarter on:
1 March
1 June
1 September
1 December
As part of the new requirements under the Economic Crime and Corporate Transparency Act 2023 (ECCTA), Companies House have introduced identity verification for all company directors, PSCs (People with Significant Control), and those filing on behalf of a company.https://www.gov.uk/guidance/verifying-your-identity-for-companies-house . These changes aim to improve transparency and reduce fraud. Please be aware that this will become mandatory in Autumn 2025. When you […]
Clear and concise tax guide 2025/26 This guide provides practical tax information to help you navigate through the tax system and plan tax efficiently by providing you with an overview of the key tax rules. The first part of this guide covers rules potentially impacting you as an individual including certain scenarios which may be […]
The company car fuel rates are reviewed and adjusted each quarter on:
1 March
1 June
1 September
1 December
Please visit our tax rates guide to check the tax rates you are using from the 6 April 2025 are the correct ones.
