Tax News

Mandatory payrolling of Benefits in Kind delayed by HMRC


The delay to payrolling Benefits in Kind (BIK) to 2027 may seem like a cause of relief for many businesses ...

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Company car VAT – Avoiding mistakes when applying the fuel scale charge


From 1 May 2025, HM Revenue & Customs (HMRC) reduced its road fuel scale charges, reflecting a drop in fuel ...

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Give with a warm hand – How smart gifting can protect your loved ones from Inheritance Tax


Inheritance Tax (IHT) is an increasingly pressing concern for families across the UK. With frozen thresholds, rising property values, and ...

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Capital allowances: Full Expensing vs AIA vs Writing-Down Allowances


Capital allowances allow businesses to claim tax relief on money invested in assets like machinery, equipment, or certain vehicles used ...

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Is your remuneration strategy still tax-efficient in 2025/26?


Business owners who pay themselves through a combination of salary and dividends should revisit their remuneration strategy this tax year. ...

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Beware tax avoidance scheme promoters – HMRC cracks down with new powers


Recent Government estimates suggest that as much as £1.8 billion is lost every year due to tax avoidance schemes. That ...

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Joint owners of Furnished Holiday Lets prepare for increased taxes


With the abolishment of the specific tax considerations for Furnished Holiday Lets (FHL) from the beginning of the current tax ...

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HMRC is closing its free Company Tax Return service


HM Revenue & Customs (HMRC) will permanently close its free service for submitting Company Tax Returns and annual accounts on ...

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How HMRC treats cryptoassets disposed of by businesses


Cryptoassets make up a growing portion of the market, and businesses are increasingly looking to take advantage of these digital ...

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