The tax treatment of double cab pick-up vehicles (DCPUs) has been clarified as part of the recent Budget announcements. This follows a chequered history of the tax treatment of DCPUs after a 2020 Court of Appeal judgment and after the previous government reversed its plans to overhaul the tax treatment of these vehicles.DCPUs with a payload…
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Landlords with undeclared Income
The Let Property Campaign provides landlords who have undeclared income from residential property lettings in the UK or abroad with an opportunity to regularise their affairs by disclosing any outstanding liabilities whether due to misunderstanding the tax rules or because of deliberate tax evasion. Participation in the campaign is open to all residential property landlords…
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Providing Business Christmas Gifts
Providing Christmas gifts can be a thoughtful gesture, but it's essential to understand the tax consequences to avoid unexpected liabilities. The tax treatment for gifts differs depending on whether they are for staff, or customers and suppliers. Here's a breakdown:1. Gifts to StaffTax-Free Gifts: Trivial BenefitsConditions: A gift can qualify as a tax-free trivial benefit…
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Crack down on subscription fine print
In a recent news story issued by the Department for Business and Trade a consultation was launched to crack down on the use of online "subscription traps". The full story says: "New proposals to crack down on subscription traps have been unveiled today as the government launches a consultation on measures to make it easier for…
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