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.
Read MoreThe routine services you would expect us to provide are listed below but it’s the important ongoing professional advice that really helps our clients.
Throughout the year, companies will experience a series of changes due to the implementation of ECCTA 2023 and the Registrar’s expanded role as a guardian of accurate company information. While the Registrar has historically taken a lenient approach to certain offenses under the Companies Act 2006 (such as late filing of forms or failure to maintain required records), recent developments indicate a shift toward stricter enforcement. To prepare, companies should update all internal and Companies House records promptly and establish effective procedures for future compliance.
The annual report and accounts of a charity are important documents that provide information on the charity’s purposes, activities, achievements, governance, finances and fund types. They are different from a limited company’s accounts as they have to follow a different accounting framework, use different terminology and provide more disclosures. To produce the right reporting required for charities, your accountant should possess the right skills, as expertise is essential.
Construction Industry Scheme (CIS) covers many types of construction work including building work, plastering, plumbing, electrical, decorating among many other works. To make sure you are deducting the correct amount from your subcontractors you must verify them with HMRC before you pay them.
Dividends are payments that companies make to their shareholders from their profits. But there are many rules and details that you have to follow to pay dividends legally. If you don’t, you could get into trouble with the law or lose money.
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