HMRC scrutinising directors’ loans HMRC has begun a new compliance campaign targeting company directors who owed their companies money. What’s the full story, and how should you respond? Warning letter HMRC says that it will shortly write to all directors that it has identified as having had one or more loans from their companies which ... Read More
New two-tier mileage rates for electric vehicles The amount that employers can reimburse staff for business travel in company cars changes from 1 September 2025. What are the new rates, and why is this update different to previous ones? Advisory fuel rates for company cars are updated by HMRC on a quarterly basis due to ... Read More
Temporary workers – your pension obligations If you’re employing temporary workers for the summer season don’t forget that they have the same rights to join your workplace pension as permanent employees. What do you need to do? Pension auto-enrolment Workplace pensions have been around for over a decade. Despite this, every year some employers forget ... Read More
Opt out of winter fuel payments by 15 September HMRC has issued new guidance on the winter fuel payments. What do you need to know? The winter fuel payment will be paid to state pension recipients this winter and is worth £200 per household, or £300 if you’re over 80. Find the Help you Need ... Read More
MONTHLY FOCUS: THE KEY TAX CONSIDERATIONS FOR A NEW BUSINESS In this monthly focus, we take a look at the tax matters that affect new unincorporated businesses in the first year, including dealing with HMRC, the choice of accounting basis, deductible expenses, and dealing with losses. Page Content:- BEFORE BUSINESS BEGINS Starting up The first ... Read More
Change to IHT on pensions proposals HMRC has published a policy statement announcing an important change to its plans to include pension savings in an individual’s estate for inheritance tax (IHT) purposes. What’s the full story? In her first budget last Autumn Rachael Reeves dropped a number of bombshells. Find the Help You Need ... Read More
Time off for fertility treatment? A survey by Fertility Matters at Work has revealed that more than one-third of employees undergoing fertility treatment have resigned or are considering resigning because of the physical and emotional toll. Is there a right to time off for fertility treatment? Employees have no specific statutory right to take time ... Read More
HMRC’s new compliance check service HMRC has published a collection of videos and notes to help if you’re picked for a compliance check. Is HMRC’s new service worth a look or is it just official propaganda? What’s a compliance check? Contrary to what you might have heard, a compliance check is not a tax enquiry. ... Read More
Income sharing trouble for separated couple After a couple separated one spouse received income from letting the property she jointly owned with her estranged spouse. HMRC taxed all the income on her. Was it right to do so or should her spouse have been taxed on half the income? The facts of the case At ... Read More
MONTHLY FOCUS: INTRODUCING R35 The rules known as IR35 are complicated in practice. In this Monthy Focus, we introduce the rules and explain the contractual factors HMRC will look at when considering whether they apply to a particular engagement. Page Content:- 1. IR35, what is it and how does it affect tax and NI? What ... Read More
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