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
Generally speaking, in most owner managed businesses, dividends are more tax efficient than salary as dividends do not attract employees or employers NI. Dividends must be paid in proportion to the number of shares held. So if a dividend of £10 per share is declared then the holder of 10
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
In order to fund the health and social care promises made in the last election manifesto the Prime Minister has had to break another manifesto promise and businesses, particularly those at the smaller end of the scale will certainly feel the pinch. Many business owners will pay themselves through a
Modern business moves at a rapid pace and very often things need to be done at a moment’s notice, but with the same level of confidence, detail, skill that would otherwise be afforded over a longer period of time. To the greatest extent, this can be managed by experienced and