Firm news
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Firm news, tax planning and finance blogs by our team
We know how important it is for you to be able to find up to date business information, and our people love to share their knowledge about the news, and accounting and tax legislation. Here you will find links to our latest press releases, as well as tax planning and finance blog posts – all written by the Whitley Stimpson team, so you can read our take on topical subjects, and use our advice to help you to run your business. We have also shared the odd blog post or two about what we get up to in our communities, because we are proud to be a part of the areas where we live and work, and to support them where we can.
Join in the conversation, we would love to hear from you.
Double cab chaos – the tax hike that never was
Discover the dramatic U-turn by the government regarding the tax treatment of double cab pick-up trucks, originally set to lose their goods vehicle status.
Sunak announces extra funding at NFU Conference
Prime Minster Rishi Sunak mounted a charm offensive at this year’s NFU Conference, telling farmers he was determined to ensure they are ‘treated fairly’ and acknowledging their ‘central role’ in British life.
When do glamping pods qualify for capital allowances?
Glamping pods qualified for capital allowances under the annual investment allowance (AIA) in a recent test case. This makes them even more attractive as diversification options
Judge divorces wedding venue from Business Property Relief (BPR)
Claiming BPR from inheritance tax is a valuable tool in enabling family businesses to continue to operate down the generations.
Spring Budget – Did Jeremy Hunt do enough to reassure farmers?
With an election looming and a change of government looking likely later this year, Jeremy Hunt took to the dispatch box in March to deliver his Spring Budget in a last-ditch attempt to change the Tories’ fortunes.
Experts urge businesses to beware of latest VAT changes
Business owners registered for VAT are being reminded to make sure they file their returns and pay on time or face falling foul of new penalties introduced by HMRC.
Making Tax Digital: quarterly update returns
HMRC has confirmed the mandation dates for making tax digital for income tax self assessment (MTD ITSA) as announced in the Autumn Statement 2023.
Advisory fuel rates
HMRC has updated the advisory fuel rates for employees reclaiming business travel in company vehicles.
Cryptoasset investors urged to declare gains
HMRC has reminded investors in cryptoassets that they should declare any income or gains above the tax-free allowance on a tax return.
VAT on energy saving materials
The zero rate of VAT has been extended to include the installation of additional energy-saving materials (ESMs) from 1 February 2024.
Student loans and basis period reform
New guidance from HMRC confirms that profits used to assess student loan repayments and entitlement to student finance will include transitional profits from basis period reform.
Subpostmasters’ compensation
There are currently three forms of compensation being awarded to subpostmasters following the Horizon scandal and each will have different tax implications.
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