Advisory Fuel Rates (AFRs) are the rates recommended by HMRC to assist businesses either in reimbursing employees for using company cars for business travel or in being reimbursed back by employees for fuel costs for private travel when using a company car. The HMRC fuel rates that have applied since 1 September 2021 are: Engine SizePetrol - amount per mileLPG ...read more
Job Support Scheme:
If you are a non-resident individual, company or trust and you have disposed of a residential property in the UK on or after 6 April 2015, you will need to report that disposal for the purposes of non-resident capital gains tax (NRCGT). The deadline for reporting the disposal is 30 days from the date of completion. This is taken as the ...read more
Some employers have reportedly been caught out after spending £58 on ‘Certificates of Auto Enrolment Exemption’ that are actually a scam. The appeal of the certificates is that, for a relatively small fee, the employer is told they will be exempt from any and all Auto Enrolment duties. However, such an exemption does not exist for (almost) all employers. Therefore as ...read more
As a child I often struggled to fall asleep on Christmas Eve owing to the excitement of the day that followed. As an accountant, that night was last night, the day before the new Budget was to be delivered… ok, so that last part may not be true, but a new Budget often yields some interesting changes to the UK ...read more
Taxpayers are being warned about the latest scam email to target them, which takes advantage of the deadline at the end of this month for the 2015-16 Self Assessment tax returns to try and trick taxpayers into thinking they’re due a tax rebate. The email – titled “#Refund Payment Confirmation Number” and an 11-digit number – tells customers that “we ...read more
'My yacht caught fire', 'a wasp attacked me', and 'my dog ate it and all the reminders' feature in a list of the worst excuses for a late tax return that HMRC received this year. Each year, they release this list to highlight the 31 January deadline for filing 2015-16 personal tax returns. However, it makes for interesting reading on ...read more