Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 June 2026.
The inheritance tax trap: What families need to know
Inheritance tax is often thought of as fairly straightforward: once you exceed the available allowances, tax is charged at 40%. In reality, the position is more complicated, particularly once an estate approaches £2 million.
HMRC campaign places directors' loans in the spotlight
A recent HMRC nudge letter highlights an overlooked aspect of director’s loan accounts and their repayments.
ERS reporting reminder
The deadline for filing your annual ERS (Employment Related Securities) return is 6 July following the end of the tax year.
EMI options and Employee Ownerships Trusts (EOTs)
The tax position of a sale of a trading business to an EOT suffered a blow when the Chancellor introduced capital gains tax (CGT) on 50% of gains arising on or after 26 November 2026. Given the main rate of CGT is 24% and the terms of business asset disposal relief (BADR) are much less favourable than once they were, a sale to an EOT can still be a tax efficient route where the transaction is commercially justified.
EMI schemes
EMI share options remain popular with start-up and entrepreneurial trading businesses through providing tax efficient remuneration to employees.
New 40% First Year Allowances – Leased assets
2025’s Autumn Statement heralded a couple of changes to the capital allowances regime. Alongside a reduction in the rate of writing down allowance, was the introduction of a new relief to operate in tandem with the existing First Year Allowances (FYA).
The clock is ticking to take advantage of allowances before the tax year end
With the tax year end now imminent, there is still time to take action to maximise allowances.