The UK government has announced a delay in the introduction of mandatory payrolling of benefits in kind (PBIK) from 6 April 2026 to 6 April 2027. This decision follows comprehensive feedback from stakeholders, including the ICAEW. The delay provides employers with...
The Furnished Holiday Lettings (FHLs) regime was abolished on 6 April 2025, but what does the abolition mean for your holiday letting property? It means that the property is now considered part of either your main UK or overseas property business. It also means that...
One of the most common questions we get asked is: “What exactly counts as a business expense?” It’s a great question, as well as an important one, because claiming legitimate expenses helps reduce your taxable profits and, ultimately, your tax bill. So, what...
As of 2024, new reporting requirements mean that digital platforms such as Amazon, eBay, Vinted and Etsy must now share information with HMRC about sellers using their platforms. Fast forward to the Spring Statement, and the Chancellor has laid out a clear commitment...
Download your Spring Statement Summary Report here Chancellor Rachel Reeves’ Spring Statement didn’t deliver any major tax changes, but it wasn’t without substance. With a renewed focus on compliance, big ambitions for housebuilding and infrastructure and an extension...
With the rise of electric vehicles (EVs) and changing tax regulations, businesses need to weigh the tax advantages and disadvantages of different company car options. Whether opting for traditional fuel-powered cars or making the switch to EVs, understanding the tax...
