Tax-free childcare accounts can be used to pay for approved childcare for children aged 11 or under, or up to 16 if your child has a disability. This includes summer…
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In the 2022/23 tax year, over half a million taxpayers paid a marginal income tax rate of 60%, a 23% increase from the previous year. This marginal rate affects individuals…
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The table below sets out the HMRC advisory fuel rates from 1 June 2024. These are the suggested reimbursement rates for employees' private mileage using their company car. When…
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As highlighted in the ‘HMRC Official Rate of Interest Remains At 2.25%’ article, the HMRC rate of interest on beneficial loans looks quite attractive compared to the Bank of England…
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HMRC has announced that the official interest rate will remain at 2.25% for 2024/25, despite the Bank of England Base Rate currently standing at 5.25%. This official rate is used…
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Where a company car is provided for use by an employee or director there is a benefit in kind taxable on the employee based on the vehicle’s original list price…
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The deadline for reporting shares and securities and share options issued to employees for 2023/24 is 6 July 2024. This is the same as the deadline for reporting expenses and…
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P11d forms for reporting expenses and benefits in kind provided to employees and directors in 2023/24 need to be submitted by 6 July 2024. It is important to note that…
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