20 Feb 2024

Clarksons Special Bulletin: HMRC U-Turn on Double Cab Pick Ups

  HMRC U-TURN ON THE TAX TREATMENT OF DOUBLE CAB PICK UPs On Monday 12 February 2024 HMRC updated its guidance on the tax treatment of Double Cab Pick Ups (DCPUs) stating that from 1 July 2024 DCPUs with a payload of...

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1 Feb 2024

Clarksons Newsletter February 2024

IT'S NOT TOO LATE TO UNDERTAKE SOME YEAR END TAX PLANNING ...   Lifetime ISA (LISA) Those aged between 18 and 40 can set up a Lifetime ISA (Individual Savings Account) to buy their first home or save for later life. You can put...

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14 Dec 2023

Clarksons Newsletter Dec 23 - Jan 24

  WILLS, GIFTS & INHERITANCE TAX Many of us get together with the family at Christmas and that prompts us to think about making or updating our Will.  Whilst it can be tempting to think this is something to leave until...

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23 Nov 2023

Clarksons Autumn Statement Summary 2023

  NATIONAL INSURANCE CONTRIBUTIONS CHANGES   EMPLOYEES In addition to income tax, all employees earning more than £12,570 a year pay Class 1 NICs.  From 6 January 2024, the main rate of Class 1 NICs will be...

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13 Nov 2023

Clarksons Newsletter November 2023

CHARGING ELECTRIC CARS AT HOME HMRC have recently clarified their view of the tax treatment for the reimbursement of electricity costs where employees charge their electric company cars at home. HMRC now accepts that reimbursing part of a...

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