With increased electric range, rising fuel costs and reduced tax rates* Electric cars are becoming a more popular choice for business owners, employees and employers. Businesses of all sizes are making the climate pledge to be carbon neutral so switching to electric vehicles can help towards this pledge. So what are the tax implications of …
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The Chancellor, Rishi Sunak, delivered his Spring Statement on 23 March. Faced with the task of creating a ‘strong economy’ for the UK, against the challenging background of high inflation, rising costs and the threat of conflict in Europe, he announced a raft of new measures. So, what was in the Spring Statement for your …
National insurance is increasing by 1.25% from 6th April 2022 to 5th April 2023. How much will this cost? Who is affected? What does an employer need to do? What is the impact on your business? What are the changes? In response to the COVID19 pandemic the chancellor announced a temporary increase to National Insurance …
National insurance is increasing by 1.25% from 6th April 2022 to 5th April 2023. How much will this cost? Who is affected? What does an employer need to do? What is the impact on your business? What are the changes? In response to the COVID19 pandemic the chancellor announced a temporary increase to National Insurance …
What is a trivial gift? To be treated as ‘trivial’, the cost of each gift mustn’t exceed £50. If the cost is higher, the whole value is taxable, not just the excess. The limit is per gift but, in addition, for directors and their (employed) family members, there’s an annual cap of £300 in total. …
