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Benefit-In-Kind

Company cars are having a revival 2a02e3e2

Posted: 2 September 2025 | Benefit-In-Kind, Company Car Tax, Company Director, Self Assessment

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…

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Posted: 27 May 2025 | Benefit-In-Kind, Employment Tax, Self-Employed

Mandatory Payrolling: Employee Benefits

The deadline requiring employers to report most taxable benefits through payroll software has been postponed by one year to 6 April 2027. A…

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Posted: 17 September 2024 | Benefit-In-Kind, Company Director, Dividends, Self Assessment

Dividend allowance cut doubles taxpayers

With the dividend allowance now cut to just £500, the number of taxpayers paying tax on dividend income for 2024/25 is expected to be doubl…

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Posted: 7 December 2023 | Benefit-In-Kind, Company Car Tax, Employment Tax

Updated tax guidance for electric company car charging

HMRC has updated its guidance to clarify that there is no taxable benefit when an employer reimburses employees who charge their electric c…

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Posted: 21 November 2023 | Benefit-In-Kind, Company Car Tax, High Income Child Benefit Charge, Self Assessment, Self-Employed

Handy hints ahead of self-assessment

The 31 January 2024 deadline for submitting a 2022/23 self-assessment tax return is not far off, especially for those not yet registered. A…

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Posted: 8 June 2023 | Benefit-In-Kind, Benefits, Employment Tax, Tax

Potential benefits from directors’ loans

Business owners could seek to earn interest on directors’ loans with little-to-no tax implications, although only patient directors willing…

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Posted: 22 March 2023 | Benefit-In-Kind, Benefits, Budget, Employment Tax, Income Tax, Self Assessment

Pay attention to tax codes

Most directors and employees will already have been issued a tax code for the 2023/24 tax year, and it is important to check the figures as…

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Posted: 3 February 2023 | Benefit-In-Kind, Company Car Tax, Employment Tax, Self Assessment

Company cars: not-so-free fuel

If your employer pays for the fuel in your company car, it may cost you more than you expected. As the Autumn Statement was not a Budget, d…

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Posted: 4 August 2022 | Benefit-In-Kind, Benefits, Employment Law, Employment Tax, PAYE

Planes, trains and automobiles – managing employees’ transport challenges

With strikes and cancellations affecting trains, the underground and flights, employers need to decide how they are going to treat employee…

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Posted: 21 May 2021 | Benefit-In-Kind, Benefits, Budget, Employment Tax, Tax

HMRC Official rate of interest, beneficial Loans et al

HMRC’s official rate of interest has been cut from 2.25% to 2% from 6 April 2021. This will affect any directors or employees who have a be…

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