For employers who provide their employees with vehicles they can use privately, fleet electrification is one way to demonstrate their company’s environmental, social and governance (ESG) commitment.

Updated draft HMRC guidance gives further details on how UTT notification will operate, including the general exemption and the de minimis.

Some key tax points to be alert to where transactions involve leases of property or plant/machinery.

New regulations designed to prevent tax mismatches arising where derivatives used to hedge currency risk on anticipated share transactions.