New HMRC fuel rates: what they mean for your business
Written by Tax Partner, Dion Laycock HMRC updates its advisory fuel rates (AFRs) every quarter to reflect changes in fuel and electricity costs. These rates apply when reimbursing employees who use company cars for business travel, or when employees repay the cost of private travel in a company car. The latest changes take effect from […]
Could it be time to revive proposed Inheritance Tax reforms?
Written by Tax Partner, Michaela Lamb Over the last couple of weeks there has been speculation in the press that the Chancellor could look to make further changes to Inheritance Tax (IHT) in addition to the soon to be introduced changes to Business Property Relief (BPR) and Agricultural Property Relief (APR) and in relation to […]
Update on proposed reforms to APR and BPR
Written by Tax Partner, Michaela Lamb Following this year’s Spring Budget, HMRC have now concluded their consultation into the (unpopular) proposed reforms Business Property Relief (BPR) and Agricultural Property Relief (APR), with draft legislation finally being released last month. Both documents have been highly anticipated by those trying to make plans to minimise the […]
The new tax recovery rules for winter fuel payments
Written by Private Client Associate Director, Liz Higgins The government’s recent changes to winter fuel payments have created a complex landscape that could catch many retired private clients off guard. If you’re eligible for these payments but have an income above £35,000, understanding the new tax clawback system is crucial to avoiding unnecessary administrative headaches. […]
The CFO’s guide to reconnecting with your finance function
As a CFO or FD, are you truly connected to your finance function? We’re finding that more and more finance leaders find themselves stretched too thin, making it difficult to optimise processes and identify easy wins for efficiency. Whether your finance function is in-house, outsourced, or a mix of both – when was the last […]
Pillar 2: Multinational Top-up Tax and Domestic Top-up Tax Registration requirements
20/06/2025 Written by Tax Partner, Nikhil Oza Companies with 31st December 2024 year-ends falling within the scope of Pillar 2 must complete HMRC registration by 30th June 2025. With less than two weeks remaining, immediate action is essential to avoid penalties. Talk to us The regulatory landscape Following the October 2021 OECD agreement establishing a […]
Understanding the Temporary Repatriation Facility for individuals with overseas income and gains
Written by Tax Partner, Dion Laycock The UK’s Autumn 2024 Budget introduced significant reforms affecting individuals with overseas income and gains, shifting from a domicile-based system to a residence-based taxation approach. A cornerstone of these reforms, effective from 6th April 2025, is the Temporary Repatriation Facility (TRF). Designed as a transitional measure, it is available […]
Update to Gravita’s Leadership team
Following an impressive three-year tenure delivering on Gravita’s growth strategy, Caroline Plumb has decided to step down as CEO of Gravita. Under her leadership, the business has completed six transactions, expanding its footprint across Essex, Oxford, Bristol, Exeter and London, and more than quadrupled revenue and headcount. Caroline has ushered in a new era […]
Are you ready for mandatory Companies House identity verification? What business owners need to know
Written by Accounts Partner, Richard Durell From Autumn 2025, all company directors, People with Significant Control (PSCs), and those filing documents on behalf of UK companies will need to verify their identity with Companies House. This requirement, introduced under the Economic Crime and Corporate Transparency Act 2023 (ECCTA), represents one of the most significant changes […]
What our poll revealed about Making Tax Digital readiness
Written by Director of Transformation, Russell Frayne During Gravita’s recent webinar on Making Tax Digital for Income Tax (MTD ITSA), we ran a survey to gauge how prepared individuals feel ahead of the 2026 rollout. The responses highlighted a mix of uncertainty, complexity and varied approaches to compliance. The session, held in collaboration with HMRC […]