Double cab pick-up trucks – Tax changes

Double cab pick-up trucks – Tax changes

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...
Claiming tax relief on work Christmas parties

Claiming tax relief on work Christmas parties

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...
Understanding R&D tax credits

Understanding R&D tax credits

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

Essential business tax compliance

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...