Produced by a Tolley Owner-Managed Businesses expert
Owner-Managed Businesses Guidance
Direct taxes
Check Employment Status for Tax (CEST) tool updated
The CEST tool has been updated as announced in the spring update. The update simplifies the language, removes some information for taxpayers with special rules (now covered within the tool), and includes useful links for related guidance.
See Simon’s Taxes E4.1040.
Employment Related Securities Bulletin 60
HMRC published Employment Related Securities Bulletin 60 (April 2025). Key updates include:
* Changes to employer’s National Insurance contributions joint elections, now pre-approved HMRC legal documents.
* Reminders to submit ERS returns and EMI notifications by 6 July.
* Changes to employee benefit trusts introduced in FA 2025.
See Simon’s Taxes E4.508F.
CIOT
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Long service awards
Employee recognition can motivate staff and improve retention. Most employer awards are taxable earnings under ITEPA 2003, s 62, or benefits under ITEPA 2003, s 201.
Published 14 Jul 2020 | Produced by Tolley | Read more
Employment Tax
Fuel-related payments / mileage payments
Most employers reimburse employees for business travel expenses, including fuel and mileage payments. If not reimbursed, employees may have tax implications.
Published 14 Jul 2020 | Produced by Tolley in association with Philip Rutherford | Read more
Value Added Tax
Exemption — overview — items exempt from VAT in the UK
VAT exemptions include goods and services listed under VATA 1994, Sch 9, Pt II. Not all supplies within a heading are exempt; details vary.
Published 14 Jul 2020 | Produced by Tolley | Read more
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