Making Tax Digital – Getting Started Following on the first blog of our ‘Making Tax Digital for Income Tax’ series, this blog is targeted at those of you who have determined that you will be impacted by the changes coming in April 2026 (specifically, those with a...
Double cab pick-up trucks will be treated as company cars for the purpose of benefit-in-kind (BIK) tax and capital allowances from April 2025. Currently, double cab pick-ups that can carry more than 1 tonne are typically classified as commercial vehicles. This has...
The tax treatment of work Christmas parties Limited companies can often claim the cost of staff Christmas parties as an allowable expense. That means you can celebrate with your employees and minimise your corporation tax bill all at once. Also, some functions may be...
Tax Changes For Furnished Holiday Lets The government has issued draft legislation to abolish the special tax treatment for furnished holiday lettings from 6 April 2025 for individuals and from 1 April 2025 for corporation tax. What is a furnished holiday let? A...
Understanding R&D tax credits Research and development (R&D) tax credits are a crucial incentive designed to encourage businesses to innovate and invest in new technologies, processes and products. Yet, despite their significance, many businesses either aren’t...
Essential business tax compliance for limited companies Managing a limited company requires meticulous attention to regulatory obligations, particularly with regard to tax and accounting. Business tax compliance and financial compliance is punctuated by a series of...
