Subsistence and entertainment
Subsistence is a payment for an individual in relation to work-related travel, accommodation and meals beyond those normally required. Entertainment is when someone in business… Read More »Subsistence and entertainment
Tax
Company cars – advisory fuel rates from 1 June
The rates which employers can use to reimburse their employees who pay to put petrol in their company cars for business use have been updated.… Read More »Company cars – advisory fuel rates from 1 June
Firms taking on more employees
The Confederation of British Industry (CBI) has said that businesses are taking on more people and optimism is at its highest level since 1998. Its… Read More »Firms taking on more employees
HMRC crackdown yields record £23.9bn in extra tax
The government has raised a record £23.9bn in additional tax for the year to the end of March as a result of a crackdown on… Read More »HMRC crackdown yields record £23.9bn in extra tax
UK economic growth confirmed at 0.8%
The UK economy grew by 0.8% in the first three months of 2014 official figures have confirmed, as households spent more and firms lifted investment.… Read More »UK economic growth confirmed at 0.8%
New personal tax statement for 24mn people
From October 2014, around 24 million people will receive a personal tax statement from HMRC detailing how their taxes were spent, the Chancellor George Osborne… Read More »New personal tax statement for 24mn people
Residence and domicile
A guide to the differences between residence and domicile for tax purposes Domicile and residence can each have a significant impact on how much UK… Read More »Residence and domicile
2014 PAYE update
Real time information Almost all employers should now be using real time information (RTI). This generally requires payroll information to be provided to HMRC ‘on… Read More »2014 PAYE update
RTI extension for micro employers
Micro employers will be given until April 2016 to adapt to the real time information (RTI) system for reporting PAYE payments, HM Revenue & Customs… Read More »RTI extension for micro employers
Charity taxation
If you are involved with running a charity, you should be aware of the special accounting and tax provisions that relate to charities. A charity… Read More »Charity taxation