Company car users may face car fuel benefit charges based on CO2 ratings. Repaying private fuel at ad-visory rates can help avoid this charge, offering potential tax sav-ings, especially for low private mile-age.

A child trust fund is a long-term savings and investment account, designed to encourage parents to save for their children’s future and give them a solid financial head start as they enter adulthood.

HMRC allows online tax payments via corporate credit or debit cards with fees, while personal debit cards are fee-free. Credit cards for personal payments were banned in January 2018. Various tax categories can be paid using these methods.

With the values of crypto assets re-ceding from the heady heights of 2021, and with some high-profile crypto exchange failures such as FTX and Celsius, some investors will be left with realised or unrealised capital losses.

Making Tax Digital (MTD) is the gov-ernment’s ongoing plan to bring tax accounting and collection into the 21st century by legally requiring the use of software. It also requires key accounting records relating to tax to be kept digitally.

Companies House is undergoing significant changes with the Eco-nomic Crime and Transparency Bill, aiming to enhance data security, financial transparency, and combat economic crime in the UK business environment.

The UK’s annual Capital Gains Tax (CGT) exemption will reduce from £6,000 to £3,000 in April 2024. CGT rates vary, with higher rates for property sales, excluding principal residences. A 60-day deadline applies for CGT payments on residential property sales.

The Government offers a variety of tax schemes for families, but one of its lesser known is the Tax-Free Childcare Scheme. If you’re eligible, the Government will pay 20% of your childcare costs, up to £2,000 per child, per year (or £4,000 if your child has a disability). You can even use Tax-Free Childcare to pay for summer holiday
clubs.

Use HMRC’s online service to review your National Insurance Contributions (NIC) record, credits, and gaps, up to the current tax year. Maximize your State Pension entitlement and manage tax affairs conveniently.