Fuel and mileage payments for company car drivers
The car benefit tax charge does not cover fuel provided for a company vehicle. Where the company pays for all…
Practical guidance from Makesworth’s chartered accountants to help you make informed financial decisions.
The car benefit tax charge does not cover fuel provided for a company vehicle. Where the company pays for all…
Where a business receives an enquiry notification from HMRC, it does not always mean that something is wrong. Sometimes HMRC…
Private residence relief exempts any gain arising on the sale of the only or main residence from capital gains tax.…
Unless rental income is less than £1,000, landlords must declare it to HMRC and pay tax on any profit made…
Where income is mainly derived from savings, it is possible to enjoy tax-free savings income of up to £18,500 tax-free…
There may be occasions on which an employer provides an employee with a taxi either to or from work. As…
Under the self-assessment system, a taxpayer is required to make payments on account – advance payments towards the eventual tax…
Businesses which are not using the cash basis can claim capital allowances for capital items that are used in the…
Making Tax Digital (MTD) for VAT went live on 1 April 2019. VAT registered businesses with VATable turnover above the…
The deadline for businesses with a turnover above the VAT threshold to keep digital records for VAT purposes using Making…
Where an employee with a company car is provided with fuel for their own private use by their employers, the…
There are special rules that need to be taken into account if you employ an au pair in your home.…
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