Furnished Holiday Lets – Update
Draft legislation was released in July 2024 that answers some questions on the tax changes for Furnished Holiday Let properties from April 2025. The proposed changes were discussed in our previous article. As anticipated, properties previously qualifying as Furnished Holiday Lets (FHL) will be taxed in line with long-term residential let properties from April 2025, […]
Cryptocurrency and Your Taxes: A Quick Guide
Cryptocurrency—it’s the buzzword that has been popping up everywhere, but what is it exactly? And more importantly, how does it affect your taxes? Think of cryptocurrency like digital cash that exists only online. Unlike regular money, cryptocurrencies like Bitcoin and Ethereum run on a decentralised network called blockchain, which keeps everything secure and transparent. It […]
The importance of the P46 (Car) Form
A P46 (Car) form must be submitted to HMRC under the following circumstances: A company car has been provided A company car has been withdrawn An additional car has been provided Reporting This form can be submitted to HMRC via: Online form to be printed and posted to HM Revenue and Customs, PAYE and SA, […]
Electric Cars – What should you be considering?
Company cars are one of the most common taxable benefits provided by employers but the high P11D benefits arising on petrol and diesel cars have made them a less attractive employee incentive in recent years. The tax treatment of company-owned electric cars is much more favourable although there are various areas for consideration which may […]
Kilsby Williams announces charity of the year
Tax and accountancy specialist Kilsby Williams has announced that it will be supporting Calon Hearts as its charity of the year. Calon Hearts is a Cardiff-based charity which promotes heart health in Wales and across the UK. Less than one in ten people survive an out of hospital cardiac arrest but survival rates can be […]
