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Advisory fuel rates for company cars
Advisory fuel rates for company cars

HMRC has published new advisory fuel rates for company car users which take effect from 1 March 2024. The new rates reflect a reduction of 1p per mile for most petrol and diesel engine cars compared to the previous quarter.  Petrol cars with an engine size over 2000cc...

Government U-turn on double cab pickup tax

Government U-turn on double cab pickup tax After just one week the government has u-turned on plans to classify double cab pickup trucks as cars for tax and VAT purposes which would have resulted in huge tax increases. This U-turn comes after huge criticism from...

Tax benefits of marriage

Considering popping the question on Valentine’s Day?  Here we look at some of the various tax credits and breaks married couples can benefit from and how it can pay to get married. The Marriage Allowance | Inheritance Tax | Pay less Capital Gains Tax | Reduce Income...

Tax return tips for self-employed business owners

As a self-employed business owner, you may find it hard to keep on top of tracking accounting records, taxes and expense claims when submitting your self-assessment tax return. Hiring an accountant could benefit you with the following points. There are many different...

Autumn Statement Summary 2023

Autumn Statement 2023 On 22 November 2023, Jeremy Hunt delivered the ‘Autumn Statement for Growth’. Against an improving economic backdrop, the Chancellor is keen to stimulate economic growth and highlighted 110 measures for businesses. In addition, there were...

Autumn Statement 2023 – Key Tax Announcements

This afternoon, the Chancellor Jeremy Hunt announced his Autumn Statement. Below we have highlighted some of the key tax announcements made by the Chancellor.   Employee National Insurance Contributions (NICs) cut The main rate of Class 1 employee NICs will be...

When is the 2023 Autumn Statement?

The Chancellor of the Exchequer, Jeremy Hunt, will deliver the Autumn Statement on Wednesday 22 November 2023.  The statement is one of the key financial events in the political calendar and will be Jeremy Hunt’s second Autumn Statement as Chancellor.   What time is...

Tax or treat? Don’t be spooked! 5 ways to avoid a tax fright

The leaves are falling and the jack-o’-lanterns are out, which means one thing… Halloween season is amongst us. Ensure that your tax affairs do not turn into a nightmare. Here are our 5 tax tips to avoid a horror story emerging for you this tax year. 1. Double, double...

Trivial benefits

Employers can provide trivial benefits to employees without incurring tax liabilities. To qualify as a trivial benefit, a number of conditions must be met which are that the: Cost of providing the benefit does not exceed £50 Benefit is not cash or a cash voucher...

Advisory fuel rates for company cars
Advisory fuel rates for company cars

HMRC has published new advisory fuel rates for company car users which take effect from 1 March 2024. The new rates reflect a reduction of 1p per mile for most petrol and diesel engine cars compared to the previous quarter.  Petrol cars with an engine size over 2000cc...

Government U-turn on double cab pickup tax

Government U-turn on double cab pickup tax After just one week the government has u-turned on plans to classify double cab pickup trucks as cars for tax and VAT purposes which would have resulted in huge tax increases. This U-turn comes after huge criticism from...

Tax benefits of marriage

Considering popping the question on Valentine’s Day?  Here we look at some of the various tax credits and breaks married couples can benefit from and how it can pay to get married. The Marriage Allowance | Inheritance Tax | Pay less Capital Gains Tax | Reduce Income...