Article Database - Topic: 'Cars' - Keyword: 'Allowances'

 
Who’s entitled to tax-free mileage allowances? Publication date: 22.06.2020
Article database » Cars » Allowances
The lease on your company car has ended but you’re delaying a new contract until your business recovers from the lockdown. Meanwhile you’re borrowing your other half’s car when you need to travel for work. Can you claim a tax deduction for this?
More
Are employers paying the wrong mileage allowance? Publication date: 01.11.2017
Article database » Cars » Allowances
During a PAYE compliance check an HMRC officer claimed that you were paying the wrong rate of car mileage allowance to your employees at the start of each tax year and this was a common problem. What was he referring to?
More
Is a tax-free mileage allowance of 60p possible? Publication date: 02.03.2017
Article database » Cars » Allowances
HMRC’s approved mileage allowance payments mean that you can pay directors and employees a maximum of 45p per mile for using their own vehicles for business journeys. But there is a way to pay more. What’s involved?
More
Mileage allowances must be reported Publication date: 30.09.2016
Article database » Cars » Allowances
Mileage allowances must be reported..HMRC blunder. As part of the new exemption for reimbursed employees’ business expenses, which replaced the dispensations regime from 6 April 2016, HMRC amended the PAYE rules to remove the requirement for employers to report reimbursements on Forms P11D .However, it overshot the mark and also removed the requirement...
More
HMRC still sitting on NI refunds for car allowances Publication date: 16.02.2015
Article database » Cars » Allowances
Two years ago the Court of Appeal ruled that NI wasn’t payable on fixed sums paid to workers for using their cars for business. Despite this, employers are still waiting for refunds from HMRC. How can you avoid similar trouble?
More
Are simplified motor expenses the best way to go? Publication date: 02.10.2013
Article database » Cars » Allowances
The option to claim tax deductions for vehicle expenses based on business mileage became law in July and can be used for 2013/14 onwards. However, not all businesses can use it and, even if yours can, will it save or cost you tax?
More
Taxman’s advice on car fuel is wrong Publication date: 06.09.2012
Article database » Cars » Allowances
Taxman’s advice on car fuel is wrong.. Updated leaflet. In July, the Taxman updated his notice on accounting for VAT on car fuel provided to employees for non-business mileage (see The next step ). It includes advice which the Taxman recently accepted was wrong because it was out of step with EU law. Fixed charges. The Taxman’s leaflet says where...
More
Miles of smiles Publication date: 22.06.2006
Article database » Cars » Allowances
A colleague has told you that his accountant has recently added £4,000 tax-free to his director’s loan account for the use of his car by the company. Is this something you should be considering?
More

Filter results

Filter your search results by resource type or topic/keyword.

Topics and keywords

        Show all (4604)
Last updated: 31.07.2020
Search
tax-saving-advice.co.​uk

More from Indicator - FL Memo Ltd