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Top Rotherham Taylor Chartered Accountants News
London, England · LondonThe Freedom of Information request to HMRC shows that it has issued more than £16 million in fines to mid-sized businesses for Corporation Tax failings. This is eight times the size of fines issued to this same size of business when compared to five years ago, with many of the fines the result of issues with R&D tax relief and transfer pricing. The request, submitted by law firm BCLP to HMRC’s wealthy and mid-sized business unit, shows that comp…See the Story
£16m in fines issued by HMRC to mid-sized businesses for Corporation Tax
Inflation · United KingdomIf your business provides company cars or vans with fuel for private use, there is another cost increase on the horizon. HMRC has confirmed that car and van fuel benefit charges will rise for the 2026/27 tax year, in line with inflation, with the car fuel benefit multiplier increasing to £29,200 from 6 April 2026. While this change is driven by inflation rather than policy, it still has real tax and National Insurance consequences for both emplo…See the Story
Car Fuel Benefit Costs to Rise Again From April 2026
United Kingdom · United KingdomOver the next 12 months, many businesses will contract as economic pressures grow. Some contraction can come as a result of restructuring or liquidating assets, but any change in business size is likely to impact administrative obligations. Shrinking businesses may look to deregister for VAT, but it is important that the business owners understand the consequences of doing so. At what point can a business deregister for VAT? Most business owners…See the Story
