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Buying A Used Electric Car?

The shortage of semiconductors has meant long delays in the delivery of new cars. This has caused many company car drivers to choose a second-hand car instead, but what are the tax consequences? Unless the car has zero emissions, the capital allowance rules are the same for new and used cars bought by the business. […]

Read more June 6th, 2022

Property Prices Continue To Rise

Despite the higher cost of living, property prices continue to rise. It’s no secret that the cost of living is increasing. With energy prices soaring and hikes in interest rates, this has put a strain on pockets across the country. Now, experts are predicting a sharp rise in property prices due to there not being […]

Read more June 1st, 2022

Being A More Inclusive Manager

Practical steps you can take to be a more inclusive manager. Inclusion doesn’t just happen. In order to be more inclusive, managers need to start with intention and regular practice. People are naturally inclined to be drawn to people that are like themselves. In order to break the bias managers must constantly disrupt their natural […]

Read more May 26th, 2022

Attracting Passive Candidates

How do you attract applicants for a new role, if they are not actively looking for a move? As the war for talent rages on, businesses need to think creatively in order to attract good candidates. Targeting passive candidates is a strategy that many businesses are now employing to good effect. Connecting with passive candidates […]

Read more May 25th, 2022

The Importance Of Career Mobility

Career mobility is a key priority for Millennial and Gen Z employees. Career mobility (or job mobility) is the process of an employee moving in their career. It can refer to upward or downward movement, as well as movement across to another role within the same business but in a different capacity. In the past, […]

Read more May 24th, 2022

Don’t Forget To Claim The Employment Allowance

The Employment Allowance (EA) is a £5,000 allowance set against employers National Insurance Contributions (NICs) and has to be claimed each tax year if the employer qualifies. This allowance was introduced in 2014/15 and was increased to £5,000 from 2022/23. Employers make a claim for the Employment Allowance through their payroll software. They do this […]

Read more May 23rd, 2022

Employee Travel And Subsistence

With employees’ and directors’ P11d’s for 2021/22 due by 6 July 2022 it is timely to remind employers of the rules for travel and subsistence, particularly as HMRC have recently issued some updated guidance and useful examples of their interpretation of the law. Tax relief for employee travel costs is available provided the journey isn’t […]

Read more May 22nd, 2022

ATED Returns And Revaluations Due

The Annual Tax on Enveloped Dwellings (ATED) was introduced in April 2012 and is charged where certain residential properties are owned within a corporate structure. This tax not only catches UK properties owned by wealthy oligarchs via offshore companies but also applies to UK resident companies. Originally the charge only applied where the value of […]

Read more May 11th, 2022

Employers NICs In Relation To Ex-Military Staff

Last year the Government announced a one-year exemption from paying employers national insurance contributions (NICs) where military veterans are recruited by civilian employers. Employers can claim relief from employer NICs for the first 12 months of the veteran’s first civilian job after they leave the military. For 2021/22 employers had to initially pay the employers […]

Read more May 10th, 2022

Super-Deduction For Equipment Extended To 2023

The 130% super-deduction for companies that invest in new plant and machinery applies where the expenditure is incurred between 1 April 2021 and 31 March 2023. Many companies recovering from the coronavirus pandemic have not had the resources to commit thus far and the war in Ukraine may have made them reluctant to invest until […]

Read more May 9th, 2022

Changes To Hospitality VAT Rates April 2022

Many in the hospitality sector were hoping that the Chancellor would extend the 12.5% reduced VAT rate that has applied since 1 October 2021 but, as scheduled, the rate has reverted to 20% from 1 April 2022. The increase applies to hospitality, visitor attractions and catering services (including restaurants and takeaways). This has a consequential […]

Read more May 6th, 2022

Trading Losses – Carry Back Or Forward?

In the March 2021 Budget, it was announced that the normal one year carry back for trading losses would be extended to three years. That means that many businesses that have made losses during the COVID-19 pandemic may be able to obtain a repayment of tax paid in that earlier three-year period. This enhanced carry […]

Read more May 6th, 2022

Possible Changes To SDLT Multiple Dwellings Relief

HMRC have been consulting on changes to the relief from stamp duty land tax (SDLT) when two or more properties are acquired at the same time. This indicates that a change in the rules is imminent, and purchasers should take advantage while the relief continues to apply. Currently, where at least two dwellings are purchased […]

Read more May 5th, 2022

Reimburse Private Fuel For Your Company Car?

Unless there is full reimbursement of fuel provided for the private use of a company car there is a benefit in kind charge based on a fixed figure of £24,600 which is multiplied by the CO2 emissions percentage that is used to calculate the company car benefit for that vehicle. For a high emission car […]

Read more May 4th, 2022

Working Towards Net Zero

Top tips to help your business move towards net zero carbon. Businesses need to lead the way in moving towards net zero carbon emissions. There is no quick fix so businesses need to start the journey now and move towards the ultimate goal of net zero, over the next few years. Here are some of […]

Read more April 28th, 2022