UHY Ross Brooke Chartered Accountants
HMRC released updated Advisory Fuel Rates (AFR) effective from 1 June 2026, and there are key changes you need to know to avoid unexpected tax hits. Staying aligned with these rates ensures that fuel reimbursements aren’t treated as taxable income, protecting both the business and the employee from unnecessary National
Company directors often ask us whether buying a company car through the business is a good idea. And in view of the current feeling towards petrol and diesel cars, now is a good time to consider the benefits of electric vehicles. Benefits to the company of an electric company car
For the first time since 2011, the government has increased the approved mileage rate for employees using their own car for business travel. From 6 April 2026, the new rates are: First 10,000 business miles: 55p per mile (previously 45p) Over 10,000 business miles: 25p per mile (unchanged) The increase
NB This blog has since been updated – please visit June 2026 rates HMRC released updated Advisory Fuel Rates (AFR) effective from 1 March 2026, and there are key changes you need to know to avoid unexpected tax hits. Staying aligned with these rates ensures that fuel reimbursements aren’t treated
We were finally getting over the financial crisis when Covid struck. Then, in the trough of the worst economic downturn in 300 years, we discovered that recovery was driving the FTSE to new heights and the job market into a frenzy. In the wake of that, it became clear that
The government has thrown a lifeline to businesses, charities and public sector organisations such as schools and hospitals, with its energy price cap announcement. The wholesale price for non-domestic energy is expected to be fixed at £211 / MWh for electricity and £75 / MWh for gas; an estimated 45%
Important reminder for employers. From 6 July 2022, some National Insurance Contributions (NICs) thresholds will increase. The primary threshold for 6 July 2022 to 5 April 2023 will rise to: £242 per week £1,048 per month £12,570 per year See Class 1 National Insurance thresholds for 2022 to 2023. To
In today’s economy keeping customers happy and getting them to buy more often is now essential. Happy and successful customers are the lifeblood of any business. They are what transforms your growth from a funnel into a flywheel. So, what are the key areas to focus on? While we know
Millions of households are facing a rise in energy costs, alongside increases in the cost of council tax, water bills and other utilities and there is a warning of fresh energy bill price rises in October. Energy prices have been affected by the Ukraine war and pressure on suppliers. There
The Prime Minister announced on 7th September that the government will introduce a new 1.25% Levy to provide an extra £12 bn a year to support the NHS and social care. From April 2022 it is proposed that there will be a 1.25% rise in National Insurance Contributions (NICs) to