by Paul Whyatt | Jun 28, 2023 | Business Tax, Personal Tax, Taxation
Petrol and diesel pump prices are high but the tax-free mileage rates payable to employees who use their own vehicles for business have not been adjusted for over a decade. The rates are: Cars and vans: 45p per mile for the first 10,000 miles per tax year, 25p above...
by Paul Whyatt | Jun 14, 2023 | Business Tax
Occasionally you may reward your employees with something special such as a holiday or a hamper. If the value exceeds the tax-free amount permitted under the rules for say long service awards, trivial benefits or staff suggestions it will be taxable. To avoid your...
by Paul Whyatt | Jun 9, 2023 | Business Advice, Business Tax
The ‘super deduction’ capital allowances, which provide companies with a deduction of 130% of the cost of new plant and machinery, ended for expenditure incurred after 31 March 2023 as scheduled. The Chancellor proposed a new system of full expensing of...
