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Christmas gifts from the taxman for your business

Christmas gifts from the taxman for your business

Christmas party season is upon us, and it will extend from early December right the way through to mid-January depending on your company. But no matter when the Christmas party is, it is important to remember that HMRC gives your company a gift each tax year to help...
VCT and EIS changes – good for companies, not investors

VCT and EIS changes – good for companies, not investors

Investors who use Venture Capital Trusts (VCTs) or Enterprise Investment Schemes (EISs) to invest in start-ups and benefit from tax relief as a result, will face new rules from April 6, 2026, thanks to changes made in the Autumn Budget. These investment vehicles are...
HMRC publishes new rates for employees’ electric cars

HMRC publishes new rates for employees’ electric cars

Employees with electric vehicles as company cars have seen a change in the rates they can claim for mileage allowance since September 1, but HMRC has updated the guidance on October 6 about how these new rates need to be apportioned for each journey. The previous...
HMRC powers to raid bank accounts for unpaid tax revived

HMRC powers to raid bank accounts for unpaid tax revived

HMRC has once again been given powers to take money owing to it directly from people’s bank accounts when people persistently fail to pay the tax due. Most taxpayers, those who pay on time and in full, will have nothing to worry about. But the small minority that...
HMRC sending letters to self-assessment payers about CGT

HMRC sending letters to self-assessment payers about CGT

Self-assessment taxpayers who have submitted their 2024/25 tax return are now being sent letters by HMRC as they may not have applied the correct rate of Capital Gains Tax (CGT) on disposals after October 30, 2024. The main rates of CGT on the disposal of assets,...