Running a business

Recently added Tips & Advice

WORKPLACE - 29.11.2023

Pret fined for worker trapped in freezer

Pret has been fined after an employee was trapped in a freezer for more than two hours, where she tried to use croissant boxes to stave off hypothermia. How could this happen and what should be in place to prevent a similar occurrence?
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COMPANY LAW - 29.11.2023

Company’s class rights variation determined by court

Companies must follow the right procedure when changing the rights attached to a class of their shares. A recent case illustrates the confusion that can arise if a bespoke procedure in the articles is not drafted carefully enough. What happened here, and how can other companies avoid this tricky situation?
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HMRC invites claims for NI refunds

HMRC concedes defeat. Following its defeat at the Upper Tribunal (UT) ( yr.23, iss.21, pg.5 , see The next step ), HMRC has issued a statement which seems to lay to rest its long-running dispute with employers who pay their employees’ car allowances . The statement accepts the UT’s ruling that the allowances can be disregarded as earnings when calculating NI contributions. ...
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BUSINESS RATES - 14.11.2023

Business rates reform - what’s the latest?

On top of higher interest rates and inflation, businesses and commercial landlords now face another burden in the shape of new rules for business rates. What’s the full story?
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FRAUD - 31.10.2023

Look out for VAT fraud

A 2023 case highlights the importance of businesses taking active steps to prevent VAT fraud in their supply chains. What can you do to avoid a problem?
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Changes ahead for lease accounting

If you prepare your accounts under FRS 102, then you may soon need to account for the company’s operating leases differently. What’s changing and what should you be doing now to prepare for it?
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Running a business

Most read Tips & Advice

CARS - 17.10.2023

Electric vehicle charging, what’s new?

HMRC has changed its guidance on electric vehicle (EV)charging costs. As an employer if you followed HMRC’s original guidance, what steps should you take now?
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CARS - 05.09.2023

HMRC’s latest advisory fuel rates

New rates. HMRC’s advisory fuel rates (AFRs) have risen slightly from 1 September 2023. As usual, you can use the old rates until 30 September 2023. The table shows the AFRs from 1 September with the previous rates in brackets. Engine size Electric per mile Petrol per mile LPG per mile Diesel per mile Up to 1,400cc - 13p (13p) 10p (10p) - 1,401cc to 2,000cc - 16p (15p) 12p (12p) - Up to 1,600cc - - - 12p (12p) 1,601cc to 2,000cc - - - 14p (14p) Over 2,000cc - 25p (23p) 19p (18p) 19p (18p) N/A 10p (9p) - - - ...
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Get some (tax) relief from ULEZ

ULEZ. The debate over the extension of the London Ultra Low Emission Zone (ULEZ) has been, and no doubt will continue to be, politically very decisive. Whatever your views those affected will be more concerned about the potential extra cost. The metaphorical cloud created by ULEZ has a minor silver lining for businesses. ...
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