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
ATED is an annual tax payable mainly by companies that own UK residential property valued at more than £500,000. By Tom Annat – Senior Tax Manager Who needs to complete an ATED return? Owners may need to complete an ATED return if their property: is a dwelling is in the
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
HMRC recently launched a new campaign targeted at crypto investors as part of a crackdown on tax evasion. They have introduced a new disclosure and payment service for taxpayers to voluntarily disclose and pay any unpaid taxes associated with cryptoassets. Cryptoassets (also known as tokens or cryptocurrencies) include exchange tokens
Cryptocurrencies have disrupted the financial world and have led to much discussion about taxation. While it’s exciting to be part of this financial revolution, it’s equally essential to keep the taxman satisfied. And that’s where many crypto enthusiasts make costly mistakes. Why cryptotax is different from traditional tax Traditional tax
The crypto world is bursting with perplexing technicalities and regulations. So let’s break things down and simplify the complex terrain of cryptotax planning in the UK. Introduction to Cryptotax What is Cryptotax? Every time you get a crypto asset (sell, trade, or earn cryptocurrency), the government wants its share in
Increasing numbers of people will be aware of cryptoassets, but do you know the difference between a coin and a token? A cryptocurrency can be either a coin or a token. A crypto coin is a standalone currency that operates independently of other platforms, with its own blockchain and infrastructure.
At the time that I write this, Bitcoin has risen 50% over the last month and if you were brave enough to buy at the bottom of the market you are probably feeling pretty pleased with yourself right now. By Chris Davies But a word of caution. We saw a