The zero rate of VAT has been extended to include the installation of additional energy-saving materials (ESMs) from 1 February 2024.
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HMRC has clarified the rules relating to capital allowances claims in mixed partnerships, confirming that all partners subject to corporation tax are eligible for enhanced capital allowances.
Continue ReadingHMRC has updated the recommended reimbursement rates for employees reclaiming business travel in company vehicles.
Continue ReadingThere are currently three forms of compensation being awarded to subpostmasters following the Horizon scandal and each will have different tax implications.
Continue ReadingHMRC has confirmed the mandation dates for making tax digital for income tax self assessment (MTD SA) as announced in the Autumn Statement 2023.
Continue ReadingThe reporting and paying of income tax and Class 1A national insurance contributions on benefits in kind is to be made mandatory via payroll software from April 2026.
Continue ReadingHMRC has reminded investors in cryptoassets that they should declare any income or gains above the tax-free allowance on a tax return.
Continue ReadingNew guidance from HMRC confirms that profits used to assess student loan repayments and entitlement to student finance will include transitional profits from basis period reform.
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