Reclaiming the cost of statutory payments
Employers must make statutory payments to employees who meet the eligibility criteria. This includes statutory maternity pay (SMP), statutory paternity pay (SPP), statutory adoption pay …
Using the advisory fuel rates 2026
HMRC publish mileage rates for petrol, LPG and diesel and electric cars. The rates are known as the advisory fuel rates and are updated quarterly …
Relief for homeworking expenses
Where an employee works at home, they may incur additional homeworking expenses as a result, such as additional heating and lighting costs, the cost of …
Writing off a director’s loan
In a personal or family company, there are often transactions between the company and the director(s). For example, the company may meet personal expenses on …
Escaping the HICBC
The High Income Child Benefit Charge (HICBC) is a tax which claws back child benefit where the recipient or their partner has adjusted net income …
Making quarterly returns for MTD for ITSA
Making quarterly returns for MTD for ITSA (Making Tax Digital for Income Tax Self-Assessmen) Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) is …
Benefits of filing your 2025/26 tax return early
The 2025/26 tax return must be filed online by midnight on 31 January 2027. However, you do not have to wait until the deadline is …
Benefits of an alphabet share structure
Where a business is operated through a limited company, profits need to be extracted if they are to be used personally. Benefits of an alphabet …
Using your ISA allowance 2026/27
How can you use ISA allowance 2026/27 Individual Savings Accounts (ISAs) are tax-free savings accounts. There are four different types of ISA allowance: Individuals must …
Employment Allowance 2026/27 – Can you claim it?
The Employment Allowance 2026/27 is a very valuable allowance which allows eligible employers to reduce their secondary Class 1 National Insurance bill by up to …
Understanding your tax code
Understanding your tax code in 2026 The tax code is fundamental to the operation of PAYE. It is made up of letters and numbers which …
Taxation of company vans in 2026/27
Where an employee is provided with taxation of company vans that is available for private use, a tax charge may arise under the benefit in …
