Van Benefit Charge 2025/26 – Rules, Rates & Tax Guide
The tax aspects of providing an employee with a work van Understanding the implications of the van benefit charge for 2025/26 At Trueman Brown we like to keep our clients up to date with the latest developments. If an employer provides a work van and the employee is...
Tax-Free Staff Party Rules 2025/26: HMRC Guide
Tax-Free Staff Party Guide – 2025/26 Update If you’re planning a tax-free staff party, it’s crucial to understand how the rules work and what you must do to keep the event exempt from tax and National Insurance. This guide combines key points from recent updates and...
Diesel Supplement 2025/26: Company Car Tax Explained
Diesel Supplement: What Company Car Drivers Need to Know in 2025/26 If you drive a diesel company car, understanding the diesel supplement is essential — especially for tax planning in the 2025/26 tax year. The diesel supplement is an extra percentage added to your...
Local employees advised how to claim travel costs
Thurrock Accountants, Trueman Brown, discuss what "The 24 Hour Rule" is regarding the cost of employees travel costs between home and work. As a general rule, employees are denied a tax deduction for the cost of travel between home and work. Likewise, subject to a few...
Local Accountants Blog – How taxpayers can amend errors in their tax returns
Local accountants and tax advisers, Trueman Brown, advise taxpayers what to do if they locate and need to correct an error in their self-assessment tax returns. The deadline for filing the 2020/21 self-assessment tax return of 31 January 2022 has now passed. You filed...
CASH BASIS Accounting for Self-Employed Traders | Trueman Brown
What Is the CASH BASIS? Under the CASH BASIS, your taxable profit is determined by considering only cash in and cash out: Income is recognised when you receive it (not when invoiced). Expenses are deductible when you pay them (not when incurred). You do not need to...
Local Accountants Blog – How employees get relief for amounts expended on behalf of their employer
Local accountants and tax advisers, Trueman Brown, have some advice for employees who incur expenses in performing their duties for their employers. Employees often incur expenses in doing their job – this may be the cost of a train ticket or petrol to visit a...
VAT Rules for Restaurants: Takeaways, Dine-In & Compliance Guide
Understanding VAT Rules for Restaurants: Takeaways and Dine-In Explained Navigating VAT rules for restaurants can be a minefield, especially for small businesses in the catering industry. Mistakes in applying the correct VAT can have serious financial consequences,...
New Employers: Auto-Enrolment Rules And Risks
New Employers: Beware the Auto-Enrolment Trap New employers face a critical compliance hurdle from the moment they hire their first worker—automatic enrolment into a workplace pension scheme. Since the 2017 rule change, The Pensions Regulator has taken a firm stance...
VAT on Entertainment: Updated UK Rules & Guidance 2025
Intricate Rules on VAT ON ENTERTAINMENT: What You Need to Know VAT ON ENTERTAINMENT is one of those areas of VAT legislation that often confuses businesses. Can you reclaim the VAT you incur when entertaining clients, staff, or third parties? The short answer is:...