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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 December 2023. Advisory fuel rates have increased by 1p for petrol cars with an engine size of 1400cc or less and over 2000 cc. LPG fuel rates have increased by 1p in for engines...

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...

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...

Christmas parties and staff gifts – a tax guide

With the festive period now approaching, we are often asked by employers about the tax treatment of providing a staff Christmas party or giving Christmas gifts to employees. Here is a quick reminder of the rules for the tax year 2023/24.STAFF PARTIES What Christmas...

Average inheritance tax bill reaches £214K
Average inheritance tax bill reaches £214K

With house prices soaring, more estates are now being subject to inheritance tax as the average inheritance tax bill reaches £214K. In the 2020-21 tax year, inheritance tax was charged on 27,000 estates. An increase of 4,000 compared to the previous year. This raised...

Easing of tax rules for divorcing couples confirmed
Easing of tax rules for divorcing couples confirmed

New legislation easing the tax rules for divorcing couples has received Royal Assent.  This confirms announcements made by the Chancellor in the Spring Budget 2023.  The changes apply in relation to disposals of assets made on or after 6 April 2023.   What were...

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 December 2023. Advisory fuel rates have increased by 1p for petrol cars with an engine size of 1400cc or less and over 2000 cc. LPG fuel rates have increased by 1p in for engines...

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...