
Diesel company cars - key letters
If you provided employees with company cars in 2022/23 and did not payroll the benefit, you must supply HMRC with details of your employees’ cars on their P11D by 6 July 2023. It is important that you use the correct key letter to let HMRC…

Claim Child Benefit using the HMRC app
If you are a new parent, you can now claim Child Benefit via the HMRC app. However, high earners should note that some or all of the benefit may be clawed back via the High Income Child Benefit Charge.
Key dates
Child Benefit can be claimed…

Witty Guide to Celebrating Midsummer Day
Summer has finally arrived, and there is no better way to celebrate the peak of the season than by throwing a Midsummer Day party. Midsummer Day is a traditional holiday that has its roots in ancient pagan celebrations and is celebrated in many…

Filing your P11Ds and P11D(b)
If you provided expenses and benefits to your employees during the 2022/23 tax year and did not payroll those benefits, you will need to tell HMRC about them on form P11D. You will also need to file a P11D(b) and pay your Class 1A National Insurance.
Key…

Happy National Camping Month
The month of June marks National Camping Month, and what better way to celebrate this occasion than to pack up your gear and head out into the countryside for a few days? Camping is not only a great way to spend time outdoors, but it also has…

Letting a room in your home
If you have one or more spare rooms in your home, you may consider renting them out to generate additional income. If you let a furnished room in your home, you can take advantage of the rent-a-room scheme to earn up to £7,500 tax-free each…

Work-related expenses - Tax relief
Many employees incur expenses in undertaking their job. However, the rules that govern tax relief for employment expenses are notoriously strict. Where the conditions are met, relief can be claimed in various ways.
Key dates
Claims for tax…

Fuel benefit charge- Make good by 6 July
A fuel benefit tax charge arises when the employer meets the cost of fuel for private journeys in a company car. However, this charge can be avoided if the employee ‘makes good’ the cost of fuel for private motoring.
Key dates
To eliminate…

Understanding Dividends
When it comes to distributing profits in a business, dividends play a significant role. Dividends are payments made to shareholders from the company's profits, providing a return on their investment. In this blog, we will explore how dividends…

Approaching employer deadlines - P60, P11D and P11D(b)
After the end of the tax year, employers need to provide certain information to employees and to HMRC as regards both pay and deductions and taxable expenses and benefits.
Key dates
Employees must be given their P60 for 2022/23 by 31 May 2023.…



