Furnished Holiday Lets (FHLs) Tax Reforms: Key Details and Implications
We’re writing to let you know about some important changes to the tax rules for furnished holiday lets which will take effect from April 2025. It is worth noting up front that the changes are to income and capital gains tax, and the VAT status of Furnished Holiday Let income...
Electric vehicles for your business – a win win for employers and employees?
In January 2024, we hit the milestone of one million battery electric vehicles registered in Britain since 2002 (when records...
A Guide to EIS Tax Relief
For UK investors seeking tax-efficient ways to grow their wealth while supporting innovative businesses, the Enterprise Investment Scheme (EIS) offers...
What are the tax planning options for a limited company owner earning over £100k?
Whilst breaking the £100k mark can feel like a personal career-high, it’s worth being aware of the tax implications of being in the top 2% of the UK’s earners.
CGT Relief Restrictions for UK Residential Property Owners
Capital Gains Tax (CGT) is a tax levied when certain assets are sold or disposed of, encompassing various items such...
How can we reduce our corporation tax bill?
The question of reducing corporation tax bills through allowable expenses is a perennial query posed by company directors in boardrooms around the world
A Step-by-Step Guide on How to Pay Corporation Tax
If you’re a business owner in the UK, you’ve likely heard the term “corporation tax” before. It’s a tax that...
HMRC Increases Time-To-Pay Threshold
HMRC has announced that it has increased the Self-serve Time-to-Pay threshold from £10,000 to £30,000. The increase, which came into...
What Is a Personal Tax Code?
Personal tax can be difficult to understand. You may see your personal tax code and not understand what it means...
