Advisory Fuel Rates from 1 December 2023

From 1 December 2023, the advisory fuel rates to be used by employees when claiming back mileage using a company car are as follows: Engine size Petrol – rate per mile LPG – rate per mile 1400cc or less 14 pence 10 pence 1401cc to 2000cc 16 pence 12 pence Over 2000cc 26 pence 18 pence Engine size Diesel – … Read More

Advisory Fuel Rates from 1 June 2023

From 1 June 2023, the advisory fuel rates to be used by employees when claiming back mileage using a company car are as follows: Engine size Petrol – rate per mile LPG – rate per mile 1400cc or less 13 pence 10 pence 1401cc to 2000cc 15 pence 12 pence Over 2000cc 23 pence 18 pence Engine size Diesel – … Read More

Mini Budget 2022 – Key Announcements For Businesses

overpay tax

Corporation Tax From April 23 the rate of corporation tax was set to rise to 25% for business with taxable profits above £250,000, and only those businesses with profits under £50,000 remaining at 19%. As had been highly predicted the rate increase has been reversed with the 19% rate set to stay in place for all profit levels. This will … Read More

Trust Registration Service

The Trust Registration Service (TRS) was setup in 2017 and all UK Express Trusts liable to pay UK tax were required to register. New rules were announced in October 2020 that require all UK trusts, apart from a few exceptions, and some non-UK trusts in existence on or after 6 October 2020, to register with HMRC by 1 September 2022, … Read More

Tax Planning Before New Tax Year

Tax Reliefs 2021 - 2022

With the end of the personal tax year on 5 April 2022, there is still time to use unused tax reliefs to optimise the tax position. Clearly adequate funds need to be in place to pay for day-to-day lifestyle and cover the essential outgoings but there are several ways to shield income and savings from tax and allow you to … Read More

Advisory Fuel Rates From 1 March 2022

Fuel rates from 1 March 2022

From 1 March 2022, the advisory fuel rates to be used by employees when claiming back mileage using a company car are as follows: Engine size Petrol – rate per mile LPG – rate per mile 1400cc or less 13 pence 8 pence 1401cc to 2000cc 15 pence 10 pence Over 2000cc 22 pence 15 pence Engine size Diesel – … Read More

Chartered Accountants Curo welcomes new partner as expansion continues

Stuart Wood new partner

Bromsgrove-based Chartered Accountants Curo starts 2022 by taking on a new partner as it continues to expand across the West Midlands region and beyond. Set up in 2005 by former KPMG colleagues Anna Madden and Julia Gallagher, Curo has grown steadily and is now firmly established as a go-to advisor for entrepreneurial businesses. Stuart Wood joins Curo from KPMG in … Read More

Advisory fuel rates from 1 December 2021

fuel rates from 1 December 2021

From 1 December 2021, the advisory fuel rates to be used by employees when claiming back mileage using a company car are as follows: Engine size Petrol – rate per mile LPG – rate per mile 1400cc or less 13 pence 9 pence 1401cc to 2000cc 15 pence 10 pence Over 2000cc 22 pence 15 pence Engine size Diesel – … Read More

Crypto assets – have you received a ‘nudge letter’ from HMRC?

crypto assets

We’re seeing an increase in ‘nudge letters’ sent by HMRC to taxpayers suspected of holding crypto assets. The rise of the nudge letter Under increased powers of access, HMRC now works with a larger number of external organisations, exchanging and receiving information about taxpayers’ financial interests. Letters are being sent to taxpayers believed to hold crypto assets based on data … Read More

Key tax & accounting deadlines to 31 January 2022

mini budget

With Christmas fast approaching and the busy January tax season soon after, here’s a reminder of the approaching tax & accounting deadlines affecting businesses. November 2021 1 November – Deadline for corporation tax payment for accounting period ended 31 January 2021 7 November – VAT returns and payments for quarter ended 30 September 2021 14 November – CTSA quarterly instalments … Read More