Charging your electric company car at home

Charging your electric company car at home

HMRC has updated its Employment Income Manual to bring the guidance on charging electric company cars at home in line with the legislation. Until now, the guidance in the Employment Income Manual (EIM23900) has contradicted the legislation in advising that if an...
HMRC demands more data

HMRC demands more data

HMRC has confirmed that requirements to report additional information will come into effect from the 2025-26 tax year or possibly a later period.HMRC has set out its intention to collect data relating to trade sectors; locations; occupations; hours worked;...
Planning dividends in 2023

Planning dividends in 2023

Owners and directors of family businesses often take a small salary from the company and any extra funds as dividends. Other family members may also hold shares in the company and receive a dividend each year. The first £2,000 of dividends received by each taxpayer is...
MTD for income tax delayed again

MTD for income tax delayed again

Making tax digital for income tax self-assessment (MTD ITSA) was set to take effect from 6 April 2024. This has been postponed until 6 April 2026 The new regime will require sole traders and individual landlords to keep their business records digitally and to send...