HMRC has published new ‘advisory fuel rates’ (AFR) for company cars, which apply to journeys from 1 December 2016. To give employers time to change their systems, for journeys up to 31 December 2016 they may use either the old or the new rates. Engine size Petrol – amount per mile LPG – amount per […]
In recent times there seems to have been an increase in taxpayers receiving emails/texts supposedly sent to them from HM Revenue and Customs (HMRC). One example is bogus emails suggesting you might be entitled to a tax refund and inviting you to provide personal information in order to obtain it. Please be aware that emails […]
HMRC are reportedly withholding millions of pounds of tax relief from pension savers who have made ‘in specie’ pension contributions; the contribution of non-cash assets to a pension scheme, which might for example include commercial property, shares, and more esoteric assets such as intellectual property. It seems that HMRC are concerned that some pension scheme […]
