Home/Tag: HMRC

Proposed salary sacrifice changes will create unintended consequences

By |2018-03-15T21:46:23+00:00October 25th, 2016|Industry Intelligence, Latest news|

IT appears that the government hasn’t quite thought through its proposals for changes to salary sacrifice - an area where HMRC feels there is both tax and NI leakage. ACFO also points out Corporate salary sacrifice arrangement were often better value than a private arrangement, particularly for low income employees, providing new car certainty, reduced running costs and better fuel [...]

Company car sector unites against latest tax raid

By |2018-03-15T21:46:26+00:00October 18th, 2016|Industry Intelligence, Latest news|

Employer-provided company car facts Employer-provided car sector is responsible for around 217,000 new registrations each year Company cars are the dominant source of Ultra-Low Emission Vehicle registrations in the UK Purchasing power supports more than 37,000 UK jobs Tax plans could affect up to 650,000 people with salary sacrifice car or in 'cash or car' scheme THE BVRLA and a coalition [...]

Double bubble for company car operators restricting business mileage

By |2017-11-20T12:29:40+00:00May 5th, 2015|Car news and reviews, News|

Restricting business miles can save companies large sums Riding the low fuel price gravy train Restricting business mileage saves companies nearly £1M in a month; Controlled mileage programme bucks UK trend of more business diesel use; TMC customers enjoy double-whammy of savings with cheap fuel. COMPANY car operating businesses that resisted being drawn into clocking up more business [...]

Company car mileage rates savaged by HMRC as fuel prices tumble

By |2017-11-28T10:22:49+00:00February 25th, 2015|Archive|

Mileage rates have been cut by nearly a fifth COMPANY car mileage rates have been slashed by up to 18% as HMRC cut the tax allowance across all six of the petrol and diesel categories in response to continuing fuel price falls. Hardest hit by the rates, known as advisory fuel rates (AFR), are drivers of company cars [...]

Deloitte’s top tax tips for January deadline

By |2017-11-20T12:27:37+00:00January 14th, 2015|Company car tax|

Deloitte Tax Tips offer a stress free start to 2015 AS the January tax deadline approaches, leading international law firm, Deloitte, has published a quick crib sheet to help UK sole traders and SME companies. Patricia Mock, Deloitte tax director, says: “Many people only begin to think about filing a tax return as the new year starts. However, [...]

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