HMRC has published revised advisory fuel rates for company cars which apply from 1 June 2025.

HMRC has updated the advisory fuel rates for company cars, with new rates applying from 1 June 2026.

HM Revenue and Customs (HMRC) has published revised advisory fuel rates for company cars which apply from 1 March 2024. The rates are to be used only where employers either reimburse employees for business travel in their company cars or require employees to repay the cost of fuel used for private travel. The guidance has also updated the advisory fuel rates for fully electric cars.

HM Revenue and Customs (HMRC) has published revised advisory fuel rates for company cars which apply from 1 September 2024. The rates are to be used only where employers either reimburse employees for business travel in their company cars or require employees to repay the cost of fuel used for private travel. The guidance has also updated the advisory fuel rates for fully electric cars.

HMRC has updated the advisory fuel rates for company cars, with new rates applying from 1 September 2026.

A charge is a form of security over an asset which gives the charge-holder (typically a lender) the right to have the asset and its proceeds of sale appropriated to discharge the debt. Companies typically grant fixed and floating charges over their assets as security for their corporate borrowing. The regime for registering charges created by a company at Companies House is set out in CA 2006, Pt 25.

The company constitution refers to the set of legal documents that define the company and indicate its general nature, powers and limitations. These documents also impose duties and limitations on the actions of directors and members of the company.

This Practice Note explores the fundamental aspects of company law relating to the constitution of a company (whether comprising any or all of the memorandum, articles of association or any other resolutions or agreements). It includes content relating to entrenchment, amendment of the articles and the bespoke articles relevant for joint ventures, buyouts and venture capital transactions. What is a company’s constitution? A company’s 'constitution' is defined under section 17 of the Companies Act 2006 (CA 2006) as including: • the company’s articles of association, and • any resolutions and agreements affecting a company’s constitution (see What are ‘resolutions and agreements’ affecting a company’s constitution? below) The CA 2006 definition of 'constitution' is not exhaustive and also refers to other documents forming part of the constitution of a company, including (see CA 2006, ss 29–32): • the certificate of incorporation and any certificates of incorporation on change of name • a current statement of capital (or statement of guarantee for a company limited by guarantee), and • any court orders or enactments altering the company’s constitution or sanctioning a compromise,

Law360: The fact that an Ireland-based company benefited from the UK-Ireland double-taxation agreement when it acquired an £83.5m investment doesn't mean it entered the transaction only for tax benefits, the U.K'.s Upper Tribunal said, affirming a lower court.

Dispute Resolution analysis: This is an example of an exceptional case in which the court agreed to hear an application for a non-party costs order even though it had never been listed before the trial judge. While the court concluded that the director of the defendant had controlled and funded the litigation it held that the defendant (rather than its director) stood to benefit from the litigation and so the application for a non-party costs order failed. The court also held that the circumstances in which the defendant became liable to pay the sums due to the claimant meant it would have been unjust to make the director personally liable in any event. Written by Alex Bagnall, technical manager, at Total Legal Solutions.

The Insolvency Service has announced that a director from Manchester has been banned from becoming involved in the promotion, formation or management of a company for 11 years after falsifying invoices and bank statement in order to claim nearly £200,000 in tax repayments. The director of Carr’s BK Ltd, Christopher Carr, was investigated by the Official Receiver following the winding up of the company in court in November 2019 It transpired that Carr had submitted tax returns for more than £72,000 and £117,000 in November 2017 and January 2018 respectively, claiming on goods he had not purchased. Carr admitted to falsifying the invoices and bank statements in April 2018, which resulted in a penalty of over £110,000 and disqualification, effective from 14 December 2020.

Michael Frempong-Taylor, director of Germinate Business Ltd, an IT and management consultancy firm, has been convicted of three counts of fraud and three counts of false accounting after applying for £6,000 under the government’s Growth Vouchers programme. The programme was intended to encourage small business to access expert advice by offering to cover 50% (and up to £2,000) of the costs of buying business advice from accredited suppliers. Germinate Business was such an accredited supplier, but was found not to have done any work for the businesses it invoiced the programme for.