HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars and not vans, which would have led to higher National Insurance Contributions (NICs) for owners.
A dispute between Coca-Cola and HM Revenue & Customs (HMRC) has closed the loophole that previously defined double-cab pickups as vans and now means they will be classed as cars.
Making Tax Digital (MTD) is designed to simplify the tax process for business owners.
The Chair of the Conservatives, Richard Holden, has said that there could be two more changes to UK tax law before the election – which is expected to be called in the latter part of this year.
The 500T tax code in the UK is a temporary, non-cumulative code used by HMRC when they lack information.
As the deadline for paying any tax approaches, it is crucial you make your payments accurately and on time before it is too late. Read more…
Environmental consciousness is becoming more and more aligned with business operations, and electric vehicles (EVs) are becoming a popular choice for company cars as a result.
If you employ one or more people for paid work, it’s essential that you have a properly managed payroll.
Working remotely has increased since the Covid pandemic, with 12.7 per cent of employees now working full-time from home in 2023.
HM Revenue & Customs (HMRC) is now using new powers granted to them by the Government to target a key area of tax evasion – online traders. Read more…