Vehicle Excise Duty on Electric Cars from 1 April, 2025

If you drive an electric vehicle, you need to be aware of these changes to road tax. Currently, electric vehicles (EVs) are exempt from Vehicle Excise Duty (VED) also known as road tax. However, from 1 April 2025, drivers of electric and low emission cars, vans and motorcycles in the UK will need to pay VED, in the same way that drivers of petrol and diesel cars do. In addition, electric cars with a list price that exceeds £40k will no longer be expempt from the “expensive car” supplement.

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Post Autumn Budget Tax Rates update: 2024-25 tax year

Following the Autumn Budget delivered by the Chancellor last month, it is important to understand any changes to UK tax rates and allowances. This information enables you to make the most of the opportunities available to you. Whether you are a business owner, a sole trader, a landlord or an individual – understanding your thresholds and tax rates is key – takeaway our Post Autumn Budget Tax Rates update: for the 2024-25 tax year

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Thank You For Signing Your Engagement Documentation!

Understanding Why We Need updated ID and Frequent Engagement

In the world of accounting, having a robust Anti-Money Laundering (AML) compliance system is crucial. You may not link accounting to AML checks, but accountants play a crucial role in safeguarding the UK’s financial system

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Budget Breakdown: Insights for Self-Employed, Companies, and Everyday Earners

On 30th October, Chancellor Rachel Reeves has presented Labour’s first Budget since their election. Understanding how their changes to the UK tax system impacts on your business and personal affairs is paramount. Get budget clarity here.

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Would you host a T Level student? We are!

T Levels are a 2-year, national qualification for 16-19 year olds and are an alternative option to A Levels and apprenticeships. Students choose to study T Levels as they offer hands-on training alongside traditional academic study as 80% of the time is in the classroom with 20% on a minimum 45 day placement with an employer.

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Meet HB Accountants’ Director Catherine Hill: and wish her a happy birthday!

Most of you know Catherine but say hello anyway especially as she is celebrating a very special personal birthday (not naming any numbers here but read on for some clues!) and as she nears her 21st work birthday. 

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Welcome to Gavin, Our New Trainee Accountant Apprentice

At HB Accountants, we love welcoming new faces to the team, and today, we are thrilled to introduce one of our two new Trainee Accountant Apprentices, Gavin! He has joined us after completing his A Levels at Birchwood High School in Bishops Stortford, Hertfordshire and we are excited to see him thrive here at HB.

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