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Latest news, insights, and expert advice for UK businesses.
Tax Benefits of Electric Cars
The government has announced that there will be a zero P11d benefit for the drivers of electric cars from 2020/21....
Is it a Car or a Van? Here is the Tax Definition of a Van
HMRC are being urged to provide clarity on the tax treatment of commercial vehicles such as VW Kombi Vans marketed...
4 Things to Consider When Transferring Property Ownership
Over the last few years, we have seen house prices soar. Depending on which side you’re on, this was either...
Feel Good and Save Tax with Gift Aid
Gift aid is an income tax relief scheme, whereby tax-paying individuals can offset charitable donations against their taxable income. The...
Utilise the Inheritance Tax (IHT) Annual Gift Allowance
You have an annual £3,500 ‘gift allowance’ that is free of Inheritance Tax (IHT). Meaning cash gifts of up to...
New Years Resolution to Save Tax – Downsize to a Smaller Property
The new inheritance tax relief for passing on the family home is protected even when you downsize to a smaller...
Pay More into Your Pension by Utilising the Brought Forward Relief
What is the brought forwards relief? HMRC have updated their guidance for carrying forward your unused pension saving allowance. For...
New Years Resolution to Save Tax – Gifting Surplus Income
Why not consider setting up a standing order for family members? Such regular gifts can be outside of the scope...
New Years Resolution to Save Tax – Passing on the Family home
New inheritance tax rules for passing on the family home started on 6 April 2017. This new relief should be...
New Years Resolution to Save Tax – Pension Planning
At this time of year, we think about New Year’s resolutions. It is also a good time to start planning...