Articles in "Tax"

Changes to capital allowances rules have for many years been a prominent feature of the annual announcements from the Chancellor, generating endless rate changes and transitional measures. These yoyoing rules and thresholds have made it particularly difficult for businesses to plan tax efficiently for capital expenditure.

Those expecting a buccaneering pre-election Budget from Jeremy Hunt will be feeling rather let down: this was a modest affair, full of measures which had been pre-briefed, and without even the traditional rabbit pulled out of the hat to please his own backbenchers.

New company car advisory fuel rates have been published and took effect from 1 March 2024.

The abolition of Furnished Holiday Lettings relief will have major implications for our region, a major tourist hotspot.

Shaun Davison reacts to the Chancellors announcement on a reduction in Capital Gains Tax on Non-Principal Residences.

On 12 February 2024, HMRC issued new tax guidance on the tax treatment of double cab pick-up trucks, which classified them as cars, opposed to commercial vehicles, for benefit in kind (BIK) and capital allowance purposes.

As we approach the festive season, one question we are commonly asked is what the tax implications are to gifts we provide to our staff.

The Chancellor announced the Autumn Statement on 22nd November, Shaun Davison and James Shipp give their initial reaction.