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Electric and Hybrid cars – Tax implications

Electric and Hybrid cars – Tax implications

There are some commonly held misconceptions about the VAT breaks for businesses buying Electric and Hybrid cars, even by car dealers trying to sell a new car. Input VAT Claim rules It is not uncommon for car dealers to tell buyers that their businesses can recover the...
P11D and P11D(b) forms must be filed online by July 6

P11D and P11D(b) forms must be filed online by July 6

P11D and P11D(b) forms from April 6, 2023, now need to be filed online by July 6 following a rule change from HMRC. If employers need to make amendments to any returns that have already been filed, these should also be made online through a new form via the expenses...
Annual Tax on Enveloped Dwellings

Annual Tax on Enveloped Dwellings

Concept of ATED Annual Tax on Enveloped Dwellings (ATED) is payable by companies owning residential properties valued at more than £500,000. ATED return needs to be filed if your property: Is a dwelling. Is in the UK. Valued more than £500,000. Is owned completely or...