The tax treatment of cars and vans is quite different, with van classification far more beneficial from both an employer and employee perspective. However, the distinction is not always clear-cut, especially where vans have been…
HMRC targets employers over CJRS claims
With reports of two-thirds of furloughed employees continuing to work during the Covid-19 lockdown, despite the initial prohibition of work as an explicit condition of furlough, it is no surprise that HMRC has already written…
Who pays capital gains tax?
HMRC has published some interesting research into capital gains tax (CGT). Here are three CGT questions for you to ponder: How many individuals made enough capital gains in 2018/19 to face a CGT bill? The…
A new season, a new Budget
As autumn arrives, attention is turning to possible measures in the next Budget. Yet another extraordinary turn for 2020, normally seen only in an election year, will be upon us soon: the second Budget of…
Defining ‘adversely affected’ for the self-employed
Many self-employed workers will have already claimed their second, and final, Self-Employment Income Support Scheme grant, but otherwise have until 19 October to do so. A key condition is that the business must have been…
Coping With Brown Envelope Syndrome
It's estimated roughly 100,000 people a year enter one form of formal personal insolvency or another and Covid-19 is likely to significantly increase this figure. This article is written in the hope that it may…
Femi joins Tax Advisers Network
I am proud to announce that I have been accepted as a member of this prestigious and long-standing network of independent tax advisers. The website www.FindATaxAdviser.online is highly ranked and used by thousands of visitors…
Taxation of electric vehicles (from 6 April 2021)
With the government announcing there will be no van benefit charge for fully electric company vans from 6 April 2021, you might be forgiven for thinking that having a company electric vehicle avoids any tax…
Expanding digital tax strategy
Details of an ambitious ten-year strategy to create a tax system fit for the 21st century have been released alongside Finance Bill legislation. With the rapid growth of information and communications technologies, the aim is…
Capital gains tax review new on the agenda
The Chancellor has asked the Office of Tax Simplification to review capital gains tax (CGT). Within a week of giving his Summer Statement, the Chancellor wrote to the Office of Tax Simplification (OTS) asking it…