Monthly Archive: November 28, 2024

How the latest HMRC advisory fuel rates impact your business travel costs 

The HM Revenue & Customs (HMRC) advisory fuel rates, updated quarterly, play an important role in how businesses manage employee reimbursements for company car travel.  

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How to stay secure ahead of the Self-Assessment deadline  

As the 31 January Self-Assessment tax return deadline approaches, HM Revenue and Customs (HMRC) has issued a stark warning about an increase in scams.  

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What does HMRC’s new benefit in kind reporting mean for your payroll system? 

HM Revenue & Customs (HMRC) is introducing real-time reporting for benefits in kind (BiKs) starting in April 2026, meaning businesses must prepare for changes in how they manage payroll.  

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Succession or sale? The case for selling your business before the 2026 Inheritance Tax changes 

The Autumn Budget brought clarity to many areas of tax planning, but for family-run businesses, one announcement could prove particularly challenging.  

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Are you prepared for the payroll challenges of hiring seasonal workers?  

With Christmas just over a month away, many businesses are finalising their plans for seasonal recruitment or are already welcoming temporary staff on board.  

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How to stay ahead of HMRC interest rate changes and avoid late payments 

The Bank of England’s decision to reduce the base rate to 4.75 per cent has triggered changes to HM Revenue & Customs’ (HMRC’s) interest rates, with late payment and repayment rates due to adjust on 18 and 26 November 2024.  

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A landlord’s guide to HMRC’s Let Property Campaign 

The Let Property Campaign is an initiative designed by HM Revenue & Customs (HMRC) designed for landlords who may have undeclared income from letting out residential property, whether in the UK or abroad.  

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Steps for employers to remain compliant with National Minimum Wage increases 

In the recent Budget, Chancellor Rachel Reeves announced that National Minimum Wage (NMW) rates would increase as of April 2025.  

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Simple ways to invest in your team this Career Development Month 

This month is Career Development Month, a perfect opportunity to focus on upskilling your team.  

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Double cab pickups to be taxed as company cars as Government confirms U-turn 

In a detail that may have been missed underneath the headlines, the recent Budget introduced a change for businesses that use double cab pickups as part of their fleet.  

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