No company car tax from April on pure electric vehicles

No company car tax from April on pure electric vehicles

HMRC rules from 6 April 2020 mean that company car drivers choosing a pure electric vehicle will pay no benefit-in-kind (BIK) tax in 2020/21. In its long-awaited response to the review of WLTP and vehicle taxes, HMRC has removed the previously published BIK rates for...
‘Tis the season for trivial benefits

‘Tis the season for trivial benefits

With the season of goodwill upon us our tax team look at a little known and little utilised tax saving, known as trivial benefits. Trivial benefits is a mechanism whereby employees and/or directors can be given trivial benefits such as vouchers or maybe even office...
HMRC issues tax return scam warning

HMRC issues tax return scam warning

Taxpayers who have yet to submit their 2018/19 tax return through self-assessment are being warned about fraudulent scams. HMRC has warned millions of taxpayers to be on their guard ahead of the deadline at midnight on 31 January 2020. Over the last year, the Revenue...
To VAT or not to VAT, that is the question

To VAT or not to VAT, that is the question

For smaller businesses and sole traders, VAT can be complicated issue. Knowing when is right, or required, to register can be difficult. When does a business need to register for VAT? A business must register for VAT when its taxable turnover exceeds the VAT...
HMRC set to launch enhanced employment status checker

HMRC set to launch enhanced employment status checker

HMRC has confirmed an improved version of its check employment status for tax (CEST) tool should launch before the end of the year. The tool was first introduced in 2017 as part of an extension to the off-payroll (IR35) rules that applied to the public sector. It...
Small Business Guide: Sole Trader vs Limited Company

Small Business Guide: Sole Trader vs Limited Company

You have decided to take the big leap of faith and start your own business, the next question is how this should be structured. Should you trade in your personal name or through a limited company? Follow the link below to read our guide on the key accounting and tax...