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Update on Double-Cab Pick-Ups: HMRC are reversing
Update on Double-Cab Pick-Ups On the 12th February 2024, HMRC announced that their interpretation of the legislation had changed regarding the favourable tax treatment of pick-up trucks from 1st July 2024. However, after consulting farmers, construction workers and other industry professionals they have now reversed their decision! Current Position HMRC interprets the…
SME Ely Business Awards 2024: 1 Week Left To Enter!
There is just one week remaining to enter the SME Ely Business Awards for 2024! Celebrate your business’ achievements and be in with a chance of winning by entering today. Entries close on Thursday 26th February 2024 at 3pm. Find Out More Click here to find out more about the SME Ely Business Awards…
Companies House changes from 4th March 2024
,Find out more about the upcoming Companies House changes from 4th March 2024 here. Registered email addresses One of the main changes from the 4th March 2024 are Companies House require all companies to provide a registered email address which will be collected within your companies next Confirmation Statement. New companies will…
Double-cab pick-ups: End of the road?
*An update on this has since been posted. Click here to read the updated information.* The tax treatment of double-cab pick-up trucks is set to change with effect from 1st July 2024, and will see the vehicles lose their status as ‘commercial vehicles’ when it comes to company car taxation. This could see…
Selling Your Garden: Tax Implications
Thinking of selling your garden? Then make sure you read this… You may be thinking of selling off some surplus land to a developer. If this is part of your garden, you might be thinking it’s tax free because it’s attached to your home. However, before you agree any sale, it’s important to understand…
National Apprenticeship Week 2024: Skills For Life
It’s National Apprenticeship Week 2024 and this years theme is ‘Skills For Life’. We thought we’d share a bit about apprenticeships, what they involve and where to start when looking to begin a career in Accountancy. What does studying for an apprenticeship whilst working at Whitings involve and why does it appeal to people? Doing…
Missed the Self Assessment Tax Return deadline?
If you have missed the 31st January 2024 Self Assessment Tax Return deadline (one of the 605,849 who did) for your 2022/23 tax return, you may be unsure as to what to do next. We are here to help you submit your late return and answer any questions you may have on the matter. …
End Of Year Tax Planning: Pre 5 April
Have you thought about your end of year tax planning? As another tax year end comes around we turn our thoughts to any tax planning that can be undertaken before the 5 April. You can find a link to our general tax planning guide here Tax Year End Planning Feb 2024, as a reminder…
Company Law Changes: Are You Ready?
Since The Economic Crime and Corporate Transparency Act (ECCTA) received royal assent in October 2023, a number of measures have since been rumoured. Companies House have now announced the below provisions that are planned to come into force on 4th March 2024. These changes hinge on the secondary legislation passing through parliament and will not come into…
Capital Gains Tax: Private Residence Relief – Burden of Proof
The recent First Tier Tribunal case of Patwary (https://caselaw.nationalarchives.gov.uk/ukftt/tc/2024/53) considered the burden of proof that a property was a only/main residence for tax relief purposes. The availability of Private Residence Relief (PRR) available on your only/main residence is one of the most valuable Capital Gains Tax (CGT) tax relief’s available. PRR will exempt…