Specialist Tax News

Avoid any double cab ‘hiccups’!

Posted on

HMRC has published new guidance regarding a change in the interpretation of how Double-Cab Pickup (DCPU) vehicles should be classified for car benefit, capital allowances and some deductions from business profits purposes.  Previously, HMRC accepted that if the payload of a DCPU was 1 tonne or more, it was a goods vehicle, not a car, and […]

Specialist Tax News

Employment expenses

Posted on

It is possible to claim Income Tax relief on eligible employment expenses that have not been reimbursed by your employer. If you file a self assessment tax return, relief must be claimed on the employment pages, but for employees who do not file a self assessment, it is possible to claim tax relief using an […]

Specialist Tax News

VAT on food and drink

Posted on

In 2024 we saw a lot of legal cases that examined the VAT rating of food and drink and it appears this trend is continuing into 2025! The VAT rating of food and drink has always been a contentious topic but in the case of Global By Nature Ltd v HMRC (TC09396) we can see […]

Specialist Tax News

Diary of main tax events February / March 2025

Posted on

Date What’s Due 1 February Corporation Tax for year to 30/04/2024, unless quarterly instalments apply. 19 February PAYE & NIC deductions, and CIS return and tax, for month to 05/02/2025 (due 22/02 if you pay electronically). 1 March Corporation Tax for year to 31/05/2024, unless quarterly instalments apply. 19 March PAYE & NIC deductions, and […]

Specialist Tax News

HMRC scam warning

Posted on

With the 31 January self assessment deadline fast approaching, HMRC has warned taxpayers to be alert to fraudsters. In the past year, there has been a 16.7% increase in scam referrals to HMRC, with almost 150,000 received in the year to November 2024. A significant proportion of those referrals were fake tax rebate claims. HMRC […]

Specialist Tax News

Payrolling benefits in kind

Posted on

‘Payrolling benefits in kind’ means that employee benefits in kind (e.g. company cars and medical insurance) are reported to HMRC through the employer’s payroll. Employees’ tax codes are amended so that any income tax due on the benefits is paid throughout the tax year. If a benefit has been payrolled, it does not need to […]

Specialist Tax News

Corporate Tax Roadmap

Posted on

The Government published a ‘Corporate Tax Roadmap’ as part of Autumn Budget 2024. The Roadmap is designed to give corporate businesses (and, in some areas, non-corporate businesses) certainty about the tax framework ahead to give confidence in business decisions being made now. The Roadmap sets out the areas in which the Government intends to maintain […]

Specialist Tax News

Get ready for making tax digital for income tax

Posted on

Prior to the Autumn Budget, there was hope that the new Labour Government might further delay the introduction of Making Tax Digital for Income Tax (MTD for IT). However, such hopes were dashed on Budget day, with confirmation of the previously-announced timescales and an additional announcement that individuals with income from trading or property of […]