HMRC U-turns on its double cab pickups tax decision

20 Feb 2024

HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars and not vans, which would have led to higher National Insurance Contributions (NICs)

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Loophole closed: Pickups are now classed as cars (NOT vans)

15 Feb 2024

A dispute between Coca-Cola and HM Revenue & Customs (HMRC) has closed the loophole that previously defined double-cab pickups as vans and now means they will be classed as cars.

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UK company law is changing – Get ready now!

1 Feb 2024

There is a series of impending changes to UK company law as a result of the enactment of the Economic Crime and Corporate Transparency Act last year. These highly anticipated changes, expected to commence on 4 March 2024, subject to

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Employee benefits and mandatory payroll reporting

1 Feb 2024

Starting in April 2026, UK employers will have to include the benefits they give to their employees, like company cars or health insurance, directly in their payroll. This means these benefits will be taxed through the payroll system, and not

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National Insurance credit scheme will be introduced to tackle child benefit gaps

1 Feb 2024

The Government plans to introduce new legislation to help parents who earn more money than others with their future pensions. In essence, if you did not claim child benefit because you earned over £50,000 when you had children, you will

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Please leave a message – HMRC dispute resolution hotline restricted to answerphone

1 Feb 2024

HM Revenue & Customs (HMRC) has made a significant change to the way that some taxpayers access its alternative dispute resolution (ADR) scheme. Where applicants for ADR could previously speak with a call handler, they will now be asked to

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Putting the brakes on excessive National Insurance payments through car allowances

1 Feb 2024

Businesses may be able to reclaim significant amounts of National Insurance Contributions (NICs) and plan for future savings because of a recent Tribunal ruling on how car allowances are taxed. Brought by Wilmott Dixon and Laing O’Rourke in their capacity

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Tax basis – Getting ready for the end of the transitional year

1 Feb 2024

Are you a sole trader or a member of a partnership? Here is what you need to know about the upcoming tax basis period reforms. HM Revenue & Customs (HMRC) is introducing changes to how it assesses and collects business

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Working remotely – What are the tax implications?

11 Jan 2024

Working remotely has increased since the Covid pandemic, with 12.7 per cent of employees now working full-time from home in 2023.

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Going green – The financial benefits of investing in a cleaner future

9 Jan 2024

As a small business owner, embracing environmentally friendly practices not only supports a sustainable planet but can also unlock significant financial benefits for your business. It is important to explore the tax reliefs and allowances available to your business when

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