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Export low value parcels to the EU? new rules from 1 July

2 minutes to readIf you are a United Kingdom e-commerce business sending consignments to the European Union, be aware that the traditional duty-free threshold for small parcels is being abolished. A new flat-rate duty will come into force on 1 July for low value shipments. At present, small parcels valued at less than EUR 150 enter the EU …

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Scrapped – Making Tax Digital for Corporation Tax

< 1 minute to readHMRC has announced that Making Tax Digital for Corporation Tax (MTD for CT) will not be introduced. Corporate tax draws in very small owner-managed businesses on one side, and large multinational enterprises on the other. In between are a myriad of entities, so any change to the corporation tax system needs to be right for …

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Double cab pick-ups to be treated as cars

2 minutes to readThe Autumn Budget 2024 put the tax treatment of double cab pick-ups (DCPUs) back in the headlines. Background For benefit-in-kind rules and capital allowances, the classification of these vehicles has been debated in the courts for some years. The position before the Budget was that DCPUs with a payload of one tonne or more were …

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UK company size thresholds change from April 2025

2 minutes to readNew legislation published by the government will increase the monetary size thresholds for micro, small and large-sized entities. This follows an update from the Department for Business and Trade in October 2024. It confirmed the new government will proceed with most of the proposals (announced by the Conservative government in March 2024) on company sizes, …

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