HMRC announces new Advisory Fuel Rates
28 February 2020
Advisory Fuel Rates are a method of paying – or reimbursing – expenditure on fuel without incurring fuel benefit tax.
What you should know about fuel benefit tax
31 January 2020
Advisory Fuel Rates apply when you either reimburse employees for business travel in their company cars or when you require employees to repay the cost of fuel used for private
Beware the tax man when it comes to private miles
24 January 2020
You should make sure you tell HM Revenue and Customs (HMRC) if your company vehicles are available for private use by directors or employees?
How to choose your next company car? Things you need to consider
23 January 2020
Nearly all company cars are leased and from the chairman to the travelling salesman the list of new cars available may incorporate restrictions on CO2 or safety ratings to help
How to make the most out of your benefit in kind
17 December 2019
If you drive a car that has been provided by your employer, and you can use that vehicle for personal transport outside of work, then it’s seen as a taxable
Your guide to company car salary sacrifice
9 December 2019
Salary sacrifice is an agreement where an employee accepts a lower salary but in return receives a benefit from their employer.
All about the HMRC P46 form – 2019 Updated Guide
28 October 2019
Don’t get caught out be not submitting the P46 form telling the HMRC about directors and employees company vehicles – it could result in a big fine. Here’s the latest
Advisory fuel rates – are you applying them correctly?
23 October 2019
HMRC calculates AFRs by using a combination of average fuel prices, a calculation of real-world mpgs achieved by engine size and fuel type to arrive at a pence per mile
TMC challenges new fuel rates
8 April 2019
Many company car drivers aren’t recuperating their full fuel costs, which is reflected in a poll of fleet managers taken last month, that found three-quarters of respondents don’t think the
Proposed salary sacrifice changes will create unintended consequences
25 October 2016
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
Company car sector unites against latest tax raid
18 October 2016
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
Double bubble for company car operators restricting business mileage
5 May 2015
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
Company car mileage rates savaged by HMRC as fuel prices tumble
25 February 2015
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
Deloitte’s top tax tips for January deadline
14 January 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,
Women blitz men on tax returns – but do they know correct business mileage rates?
13 January 2015
TAX returns. Not filled in yours yet? Well, you’re not alone, as for every 10,000 tax returns returned to the HMRC from men, 394 were filed after the relevant deadline (31
Women most likely to send their tax returns in on time
12 January 2015
NOT filled in your tax return yet? Well, you’re not alone, as for every 10,000 tax returns returned to the HMRC from men, 394 were filed after the relevant deadline
HMRC cuts company car mileage fuel rates
5 December 2014
FALLING pump prices have seen HMRC cut company car mileage fuel rates across three of the six petrol and diesel categories. The company car mileage fuel rates, known as
Manufacturers’ false car economy figures help lower company car taxes
16 November 2014
INCREASINGLY optimised manufacturer car economy figures are gifting company car drivers company car tax breaks through lower benefit-in-kind (BIK) rates. That’s because the relationship between better fuel economy and
What company car tax is due for green cars?
6 October 2014
RUNNING a green company car? Worried what tax you’re going to pay? Well, Company Car Taxation or CCT, for zero emission vehicles has been at 0% but that changed in April 2015. From
Diesel mileage rate cut to hit SME fleet favourites
29 August 2014
DIESEL vehicle operators are being hammered in changes to company car mileage rates by HMRC, which is targeting the key 2.0-litre and under sector. While rates, known as advisory fuel
