Advising HMRC of employees’ company car details

by | Jan 2, 2025 | Employee Benefits

Ensure compliance with HMRC rules when providing company cars. From P46(Car) submissions to benefit reporting, learn what steps to take for private use and specific exemptions. Here are the steps you need to follow to inform HMRC if you make any cars available for...

Capital Gains Tax – the new rates

by | Jan 2, 2025 | Capital Gains Tax

Capital Gains Tax rates have increased for disposals from 30 October 2024, with further changes ahead. Stay informed on the updated rates for assets, property, and reliefs to optimise your tax planning. We would like to remind our readers of the updated Capital Gains...

Cash-basis default position for self-employed

by | Jan 2, 2025 | Income Tax

The cash basis is now the default for self-employed income reporting. Learn about the key updates, opt-out options, and how this simplified method can ease your self-assessment obligations with HMRC. The cash basis is used by sole traders and other unincorporated...