News and events
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New Advisory Fuel Rates for company cars released by HMRC
New company cars advisory fuel rates have been released.
Cycle to work scheme £1,000 limit removed
The cycle to work scheme was introduced back in 1999. It was the governments way to encourage people to make healthier choices by helping them save money on buying a bicycle. The Department for Transport (DfT) has recently announced that the previous £1,000 limit on...
Tax relief when you donate to a charity using Gift Aid
If you are a higher rate tax payer you should Gift Aid any donations you make to charity. You will be providing an additional benefit to the charity and you will also be able to claim tax relief on the payment
General election 2019 tax proposals
The various political parties have all made bold promises in the run up to the General Election 2019. Most have been about increased spending if elected, particularly extra money for the NHS. Although many of the spending pledges will be funded out of increased...
Brexit – HMRC guidance on preparing your business for the UK leaving the EU
HMRC advise all VAT-registered businesses that trade only with the EU to take action now to prepare for a no deal EU exit.
More academy transfers caused by sponsor closure
The number of academies that have transferred to a different sponsoring academy trust due to the closure of their existing trust more than doubled from 2017/18 to 2018/19.
Volunteers could be given same protections as employees
Volunteers may soon have the same protection against harassment, discrimination and victimisation that employees have under part five of the Equality Act 2010.
If you own property in Spain, what does Brexit mean for you?
If you own property in Spain then you need to be aware that Brexit will affect your tax position.
Don’t lose out on Entrepreneurs’ Relief when disposing of your business
Entrepreneurs' Relief (ER) is valuable tax relief for those disposing of a business. It can give access to a 10% rate of Capital Gains Tax, subject to a £10 million lifetime limit. Entrepreneurs' Relief is potentially available to company shareholders, owners of...
Tips at work and how are they taxed?
From time to time, HMRC turns the compliance headlight on a particular business sector. This year, they are scrutinising restaurants and takeaways. In particular, staff tips at work are currently one high-risk area. There are various ways in which tips at work can be...
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