Blogs from Larking Gowen

The tax advantages of buying an electric car
Wednesday, 18 June 2025
Electric vehicles (EVs) offer a range of tax incentives, whether you're employed, self-employed or run a company. Senior Manager, George Crowe, explores key savings through salary sacrifice, capital allowances, Benefit in Kind rates, and mileage claims – plus the potential pitfalls to watch out for.

Navigating Seniority Adjustments in the NHS: Key Updates and Deadlines
Tuesday 17 June 2025
Senior Manager in our Medical team, Louise Prime, outlines recent NHS seniority payment reconciliations by PCSE for 2016/17 to 2019/20, key deadlines, and the steps GP practices need to take.

Mitigating CIS risks and the domestic reverse charge
Friday, 13 June 2025
Employment Tax Manager, Tessa Brown, explains the scope of the Construction Industry Scheme (CIS) and how businesses may inadvertently fall within it – particularly those not traditionally involved in construction.

Understanding the differences between partnership profits, taxable profits, and drawings
Tuesday, 10 June 2025
Senior Manager at Larking Gowen, George Crowe, explains the key differences between partnership profits, taxable profits and drawings – clarifying how each figure is calculated and why they don’t always match.

Company size thresholds have risen
Tuesday, 27 May 2025
The UK government has raised the financial thresholds that determine company size, effective for accounting periods starting on or after 6 April 2025. Director, James Nichols, discusses what this could mean for you.

What are the benefits of Making Tax Digital?
Friday, 23 May 2025
An overview of the practical benefits of Making Tax Digital for Income Tax, including fewer errors, real-time tax visibility, better organisation, and environmental impact – plus details on penalties and voluntary testing.

Boosting farm productivity: The Farming Equipment and Technology Fund
Thursday, 22 May 2025
Partner, Laurie Hill, explains who's eligible the 2025 Farming Equipment and Technology Fund as well as what items are covered, how to apply, and how to align your investment with your farm’s long-term goals.

Budgeting & cashflow planning for GP practices
Thursday, 22 May 2025
A practical guide for GP practices on budgeting and cashflow planning, including why forecasting matters, how to estimate drawings, tax, and pension contributions, and how to stay in control of your finances year-round.

Charities don’t pay tax, do they?
Wednesday, 21 May 2025
To help you understand which taxes do and do not apply to charities, we outline the various tax obligations and exemptions that apply to charities, describing some of the complexities.

Fresh call by MPs to delay changes to inheritance tax
Friday, 16 May 2025
The report published by a committee of cross-party MPs is recommending the Government delay the changes to inheritance tax and engage in consultation and improvements.

Changes affecting online sellers and platform hosts
Thursday, 8 May 2025
Assistant Manager in our Business Tax Advisory team, Sophie Emerson, outlines new UK reporting rules for digital platforms from January 2024. It explains who qualifies as a platform operator, which sellers must be reported, and what information must be shared with HMRC.

Self-Assessment Tax for Locum Pharmacists
Thursday, 8 May 2025
Jo Benton outlines key tax considerations for locum pharmacists, including whether to operate as a sole trader or limited company, how income is taxed, what expenses are deductible, and important deadlines.
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