These HMRC rates only apply to:- • Reimburse employees for business travel in their company cars; or • Require employees to repay the cost of fuel used for private travel Electric cars - from 1 June 2026 the advisory electric rates for fully electric cars will be:- • 7p per mile for home charging • 15p per mile for public charging Electricity is not a fuel for car fuel benefit purposes. When employees are reimbursed up to the advisory fuel rates for business travel in their c

Employers must provide employees with their 2025/26 P60 by this Sunday, 31 May 2026, either in paper or electronic format. A P60 outlines an employee’s total pay and deductions for the tax year. It must be issued to all employees who were on the payroll as of the final day of the tax year, 5 April 2026. Employers who are exempt from submitting payroll information online can request P60 forms directly from HMRC. #FarrellAndFarrell #crossbordertaxadvisors #crossborder #taxa

HMRC are seeing more late VAT returns when the deadline falls on a weekend or bank holiday. Some businesses and agents believe returns can be submitted the next working day. This is not correct. VAT return deadlines do not change if they fall on a weekend or bank holiday. HMRC accepts VAT returns on weekends and bank holidays. Late submissions may lead to penalties. If you cannot submit on those days, you should submit and pay by the last working day before the deadline.

These HMRC rates only apply to:- • Reimburse employees for business travel in their company cars; or • Require employees to repay the cost of fuel used for private travel Electric cars - from 1 March 2026 the advisory electric rates for fully electric cars will be:- • 7p per mile for home charging • 15p per mile for public charging Electricity is not a fuel for car fuel benefit purposes. When employees are reimbursed up to the advisory fuel rates for business travel in their

Child Trust Funds are long-term, tax-free savings accounts for children born between 1 Sept 2002 and 2 Jan 2011, maturing at 18. On average, these funds are worth £2,242, giving young people a financial head start as they begin their careers. You can find a CTF as a parent or if you are over 16. How to act now: Use the GOV.UK locator tool to quickly find your CTF (free and fast). If you know where it’s held, contact the savings provider directly. If you don’t know, sea

Earning from a side hustle e.g. sales at Christmas crafts or festive sales – you may need to file a UK tax return. If you make or sell items e.g. Christmas decorations, upcycled gifts, or work on a Christmas market stall you may need to report this income to HMRC. Please note that the tax rules apply to all side hustles not just sales at Christmas fares, etc. If your side hustle earnings are over £1,000, you will need to notify HMRC. Anyone earning over £1,000 from all side h

Have you a side hustle? Have you unreported rental income? Have you UK or foreign income that should be reported to HMRC? Just a...

These HMRC rates only apply to:- • Reimburse employees for business travel in their company cars; or • Require employees to repay the...

#FarrellAndFarrell #crossbordertaxadvisors #crossborder #taxadvisors #uktaxadvisors #roitaxadvisors #accountantcountydown #accountantnear...

#FarrellAndFarrell #crossbordertaxadvisors #crossborder #taxadvisors #uktaxadvisors #roitaxadvisors #accountantcountydown...

#FarrellAndFarrell #crossbordertaxadvisors #crossborder #taxadvisors #uktaxadvisors #roitaxadvisors #accountantcountydown...

These HMRC rates only apply to: • Reimburse employees for business travel in their company cars; or • Require employees to repay the cost...

#FarrellAndFarrell #crossbordertaxadvisors #crossborder #taxadvisors #uktaxadvisors #roitaxadvisors #accountantcountydown...

#FarrellAndFarrell #crossbordertaxadvisors #crossborder #taxadvisors #uktaxadvisors #roitaxadvisors #accountantcountydown...

From 17th February, taxpayers who owe money to HMRC will pay 7% interest, down from 7.25%. HMRC say that 1.1 million self-assessment...

Basis Period Reform was introduced for tax year 2023/24 meaning sole traders and partners in a business have to report their profits on a...

HMRC have updated some of their text messages to make them easier to recognise as genuine. The new ‘branded messages’ include the HMRC...

The HMRC company car advisory fuel rates that apply from 1 December 2024 have been cut for petrol and diesel vehicles by 1p per mile, and...

People have until 5 April 2025 to maximise their state pension by making voluntary National Insurance (NI) contributions dating back...

HMRC is changing the way employees can claim PAYE employment expenses by going back to paper submissions through the post to reduce...