When silence costs millions – Ignoring HMRC is a risk you cannot afford
Most directors do not expect to face personal tax bills in the millions.
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READ MOREWhen silence costs millions – Ignoring HMRC is a risk you cannot afford
Company car VAT – Avoiding mistakes when applying the fuel scale charge
From 1 May 2025, HM Revenue & Customs (HMRC) reduced its road fuel scale charges, reflecting a drop in fuel prices.
Are You Ready for Making Tax Digital in 2026?
The change to Making Tax Digital is fast approaching, and we have been preparing for the big changes coming to self-employed individuals and landlords. This article explains what these changes will mean. Making Tax Digital (MTD) will apply to income…
Mandatory payrolling delayed to 2027 – Time to prepare, not to forget
The Government has confirmed that the mandatory payrolling of benefits in kind (BIK) and taxable employment expenses will now be introduced from April 2027, a year later than initially planned.
Quarterly Newsletter
The Bronsens Quarterly Newsletter is here, packed with essential insights for business owners, investors, and individuals looking to stay on top of financial and tax planning. Inside this issue: Making Tax Digital expands – what the next phase means for…
How to maximise tax relief on losses to offset higher employment costs
The recent rise in employers’ National Insurance Contributions (NICs) to 15 per cent will lead to a 60 per cent increase in NIC costs for a business employing minimum wage staff, according to the Centre for Policy Studies. With no…
How HMRC treats cryptoassets disposed of by businesses
Cryptoassets make up a growing portion of the market, and businesses are increasingly looking to take advantage of these digital currencies. If your business carries out activities involving the exchange of cryptoassets, then you are liable to pay tax on…
HMRC is closing its free Company Tax Return service
HM Revenue & Customs (HMRC) will permanently close its free service for submitting Company Tax Returns and annual accounts on 31 March 2026. Built over a decade ago for simpler businesses, the platform no longer meets modern digital standards. Companies…
Joint owners of Furnished Holiday Lets prepare for increased taxes
With the abolishment of the specific tax considerations for Furnished Holiday Lets (FHL) from the beginning of the current tax year, owners need to prepare for higher tax bills. Given that couples and joint owners of FHL benefited from specific…
Beware tax avoidance scheme promoters – HMRC cracks down with new powers
Recent Government estimates suggest that as much as £1.8 billion is lost every year due to tax avoidance schemes. That money, designated to fund schools, hospitals and other essential services, is in part, leading the Government to borrow more than…
Is your remuneration strategy still tax-efficient in 2025/26?
Business owners who pay themselves through a combination of salary and dividends should revisit their remuneration strategy this tax year. With Income Tax thresholds frozen until 2028 and a lower dividend allowance rate of £500, a strategy that once worked…
Capital allowances: Full Expensing vs AIA vs Writing-Down Allowances
Capital allowances allow businesses to claim tax relief on money invested in assets like machinery, equipment, or certain vehicles used commercially. There are a variety of capital allowances available, including: Full Expensing Annual Investment Allowance (AIA) Writing-Down Allowances (WDA) The…
What is the Worldwide Disclosure Facility and when should you use it?
If you have undeclared income or assets held overseas, you may owe tax in the UK.
How trivial benefits can improve employee morale without increasing your tax bill
When businesses look to motivate their teams, the focus often lands on salary, bonuses or large-scale perks.
HMRC is closing its free Company Tax Return filing service – what your business needs to do now
From 31 March 2026, HM Revenue & Customs (HMRC) will permanently close its free online service for filing Company Tax Returns and annual accounts.