HMRC have withdrawn form VAT652. Companies with large VAT return errors must now submit corrections online or in writing. Larger VAT return errors are entered as method 2 type corrections, whereas method 1 is used…
Companies House identity verification begins rollout
Companies House identity verification starts on 18 November 2025. For individual directors, the date will vary when they will need to confirm they have verified their identity, depending on when their company’s next confirmation statement…
The stamp duty tangle – a useful lesson
The former Deputy Prime Minister Angela Rayner’s recent problems with stamp duty land tax (SDLT) offer a salutary lesson. In early September, the Deputy Prime Minister (and Housing Secretary) resigned after discovering that she had…
Electric car charging rates change – home and away
Starting 1 September 2025, two separate advisory fuel rates apply to fully electric cars depending on whether charging is at home or using a public charger. HMRC’s advisory fuel rates can be used to reimburse…
Business Asset Disposal Relief on Selling your business
An important consideration when selling your business is whether business asset disposal relief (BADR) will be available to minimise the capital gains tax (CGT) cost. BADR will be less advantageous from April 2026, so company…
Miscalculated corporation tax reliefs targeted by HMRC
Companies that may have miscalculated their corporation tax marginal relief may receive a letter from HMRC as part of a new campaign. The targeted errors could be due to ignoring associated companies. Associated companies Directors…
Changes made to pension relief claims
HMRC has tightened checks on pension relief after finding that a third of claims made by PAYE tax codes were incorrect. The problem Contributions into a personal pension are made net of basic rate tax,…
State Pension Age Under Review Again
Shortly before Parliament closed for its summer holidays, the government announced a review of the State pension age (SPA). Pensioners are a sensitive topic for the government. Not only has it been forced to make…
As summer fades, an Autumn Budget looms…
It is once more the time to turn from sunny thoughts of summer holidays to dark contemplation of the Autumn Budget. In July 2024, Rachel Reeves made her contentious House of Commons statement about the…
Company cars are having a revival
Recently published statistics show that the company car is making something of a comeback, with the number of recipients for 2023/24 up 80,000 from the previous year. From a high of 960,000 company car recipients…