Mileage Allowance Payments (MAPs) are the rates used by employers to reimburse employees when they use their own transport for business purposes. The current rates are well-known. They are:
Cars and vans – 45p per mile for the first 10,000 miles and 25p thereafter.
Motorcycles –...
3 years 10 months ago
1 May 2017 - Due date for Corporation Tax due for the year ended 31 July 2016.
19 May 2017 - PAYE and NIC deductions due for month ended 5 May 2017. (If you pay your tax electronically the due date is 22 May 2017)
19 May 2017 - Filing deadline for the CIS300 monthly return for the...
3 years 10 months ago
The Driver & Vehicle Standards Agency has released its response to a consultation with the industry to “Improve the car driving test”. In their conclusion they say:
“This paper reports the outcome of the Driver and Vehicle Standards Agency’s (DVSA) consultation about changes to...
3 years 10 months ago
Companies house recently published the following news story.
Changes to UK company law removed the option for small companies to file abbreviated accounts for accounting periods starting on or after 1 January 2016.
Small companies
If you are a small company, you have 4 options for...
3 years 10 months ago
The current state defined wage rates are divided between the National Living Wage (NLW) – this is currently set at £7.50 per hour and only applies to workers aged 25 years and over – and the NMW for workers under 25 years.
The NMW hourly rates are currently:
Age group 21 to 24...
3 years 10 months ago
Is there such a thing as a tax-free capital gain? In fact, there is… Every UK resident tax payer is allowed to make tax-free gains of up to £11,300 during the current tax year, 2017-18.
Additionally, you can sell personal possessions and make a gain of up to £6,000 without paying...
3 years 10 months ago
Short answer, yes it is…
The State Pension is worth between £6,359.60 (the old version), and £8,296.60 (the new version), and many pensioners may receive additional payments based on additional contributions made in prior years. In both cases, this pension income is treated the same...
3 years 10 months ago
We have listed below a few of the ways you can make best use of tax losses. Generally speaking, a tax loss arises when a claim for expenses and other allowances (for example capital allowances for equipment purchases) exceeds the income of the relevant trade.
Many losses arise as a...
3 years 10 months ago
The new, 12 sided coin became legal tender from 27 March 2017. Businesses that deal in cash transactions, or use equipment that accepts the £1 coin should take note of the following:
The 28 March 2017 to 15 October 2017 is nominated as the co-circulation period for the new £1 coin....
3 years 11 months ago
For some time now, unincorporated businesses have been able to submit simplified accounts in order to settle their tax liabilities. The main advantage of using this system is that income and expenditure is based on money received from customers and money paid to suppliers. In other...
3 years 11 months ago
Pages
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Gender gap closing in UK board rooms https://t.co/voRaxGHH79 -
Challenges as we emerge from lockdown https://t.co/sWZlHc0qGC
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Supreme Court determines Uber drivers are workers https://t.co/VHWA1AMKrw
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Do you qualify for the fourth SEISS grant? https://t.co/ssdI3Vk3Hc
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Tax claims if working from home https://t.co/6IWibY3EeN
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UK Pensions Bill receives Royal Assent https://t.co/vHTlEunsQ5
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