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There has been a clear line between the tax treatment of company cars and vans for some years. However, most recently HM Revenue and Customs (HMRC) is taking a fresh look at whether certain types of vans should be classed as cars for taxation purp...
The rate of taxable benefit in kind for cars provided to employees seems to change almost as fast as the British weather, as does government policy towards encouraging us to use electric vehicles.
The inheritance tax regime has been relatively stable for some years but one wonders how long this will continue to be the case. In its recent report, the Office of Tax Simplification has called for the system to be overhauled. The proposed change...
Registered to carry on audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales, details about our audit registration can be viewed at www.auditregister.org.uk, under reference number C001091748, and details of all audit regulations can be accessed at www.icaew.com/regulations. A list of members can be found under Legal Notices. Thomas Westcott has offices in Axminster, Barnstaple, Bideford, Bridgwater, Burnham on Sea, Crediton, Exeter, Holsworthy, Honiton, Ilfracombe, Okehampton, Plymouth, Seaton, Somerton, Tiverton, Torquay and Weston super Mare.
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