Reporting company car expenses and fuel

Posted in Latest News on March 7, 2017

If you provide cars to your employees for their own private use, you will need to report this to HM Revenue & Customs (HMRC) using form P11D at the …
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£30K tax-free redundancy payments set to be abolished

Posted in Latest News on March 7, 2017

Payments in Lieu of Notice (PILON), one aspect of a typical redundancy payment, alongside compensation for loss of employment, is set to lose its tax-free …
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Changes to the Inheritance Tax threshold – will you be affected?

Posted in Latest News on February 24, 2017

A significant change to inheritance tax rules comes into force this year which you need to be aware of. The new residence nil rate band allowance comes …
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Do you know the rules on claiming capital allowances on cars?

Posted in Latest News on February 24, 2017

If you buy and use cars in your business, you can claim capital allowances on their value, allowing you to deduct part of the value from your pre-tax profits …
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Small businesses used to plug tax gap

Posted in Latest News on February 24, 2017

HM Revenue & Customs (HMRC) has been accused of using small and medium-sized businesses to plug the UK’s tax gap, following a report which showed …
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