Is there VAT on public transport?
Clients often ask us what VAT is applied to public transport, and what they can claim back on their VAT returns as input VAT. The short answer is, usually nothing. Trains and buses Trains and public buses are…
AI being used by HMRC to scan social media for suspected tax cheats
HMRC has confirmed that it is using AI (Artificial Intelligence) tools to scan the social media accounts of suspected tax fraudsters as part of their drive to increase the use of AI in the tax system. Up until…
Government to give HMRC £500m to boost AI
In an effort to increase its artificial intelligence (AI) capabilities, HMRC is to receive £500m from the Government to invest in a new AI digital assistant that should hopefully reduce phone line traffic and wait times. Called ‘Ask…
HMRC triples its CGT investigations to target amateur traders and crypto users
HMRC has tripled its investigations into capital gains tax (CGT), with an extra £202.4 million of tax pulled in. Capital gains tax is levied against profits on the disposal of capital assets such as second homes, share holdings,…
What is a P11D Benefits in kind and do you need to file one?
What is a P11D? The P11D form is a statutory form required to be filed with HMRC by those businesses that provide benefits to their employees that do not go through the PAYE system. You will also need…
What does my tax code mean? 2025/26 Edition
What exactly do all the numbers and letters in my tax code mean? And what do I do if I think it’s wrong? HMRC generate your tax code based on the information that they hold about you and…
Tax evasion or tax avoidance?
What’s the difference between tax evasion and tax avoidance? Celebrities and sports stars alike have been in the news in recent years, hitting the headlines for their tax avoidance. But they haven’t actually done anything illegal. We will…
Business gifts for Christmas
Are you thinking of giving a business gift for Christmas? If so, make sure you know the tax implications before it ends up costing you more than you originally thought. Christmas is not that far away and you…
Autumn Budget 2024
This week saw the first Labour Budget in over a decade, and the first ever delivered by a female Chancellor. Many of the announcements did not come as a surprise whilst some others did. Not all of the…
Is there VAT on public transport?
We are often asked by clients what VAT is applied to public transport, and what they can claim back on their VAT returns as input VAT. The short answer is, usually nothing. Trains and buses Trains and public…