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Company vehicles can be a valuable benefit, but they come with significant tax implications that employers and employees need to understand. In 2025, the tax treatment of company cars, vans, pickups, and fuel is largely based on CO₂ emissions, usage, and vehicle type. Low-emission cars, especially electric and plug-in hybrids, attract lower benefit-in-kind (BIK) charges, while diesel and high-emission vehicles are taxed heavily, up to 37% of the car's list price. Vans are generally more tax-efficient, but HMRC has tightened the definition, especially around crew-cab and dual-purpose vehicles. Fuel for private use also carries a hefty tax charge unless fully reimbursed. Staying informed on these rules is crucial for making cost-effective choices around business vehicles in the current tax landscape.
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The routine services you would expect us to provide are listed below but it’s the important ongoing professional advice that really helps our clients.
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As a self-employed Contractor working through a Personal Service Company (PSC) there are a few things to keep in mind when you put a Contract in place for the services you provide. If not done properly, your company could potentially be considered as trying to avoid paying correct tax and national insurance on your income. The best thing you can do for your work situation is to make sure that the contract you put in place doesn't make you look like a false self-employed contractor. To do this, get the help of an expert, who can ensure your contract follows the HMRC guidelines for what constitutes a genuine self-employed contractor. And here at Accounting Minds we can clarify all those important points for you and help you determine your correct status in relation to IR35.
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For many years trusts have been considered the standard way to pass family wealth on to future generations. The last few years however have seen tax changes which mean that Family Investment Companies (FICs) may be the more tax-efficient option…
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If you are a sole trader or partnership (but not a limited company) you have a choice to use so-called “simplified expenses” or calculate your expenses for vehicles, working from home and living on your business premises by working out the actual costs.
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The OECD's newly established Crypto-Asset Reporting Framework (CARF) mandates that crypto platforms share taxpayer data with tax authorities, a practice they currently do not follow. The objective is to grant tax authorities access to cross-border information, aiding in the enforcement of tax compliance. The UK, foreseeing the potential recovery of substantial tax revenue through CARF implementation, has forged a historic agreement with 48 nations to combat criminal exploitation of cryptoassets for tax evasion.
We are experienced certified accountants in Kent that are committed to helping small businesses achieve growth.
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