HMRC have published the updated rates for mileage claims on company cars that take effect from 1 June 2019.
You can use the previous rates for up to one month from the date the new rates apply. The advisory fuel rates per mile for journeys undertaken on or after 1 June 2019 are:
HMRC has warned young people in the UK to 'stay vigilant' in order to avoid falling victim to 'Springtime' tax refund scams.
Criminals often target young individuals or the elderly as these groups of people are likely to be less familiar with the UK tax system. During the months of April and May, criminals often bombard taxpayers with tax refund scams at the same time as genuine rebates are processed by HMRC.
The government has confirmed that the initiative to introduce a pensions dashboard will go ahead.
Pensions dashboards will allow those saving for retirement to view information from multiple pensions in one place stating that the dashboard will 'open up pensions to millions', and 'provide an easy-to-access online view of a saver's pensions'.
HMRC has published guidance on the extension of the off-payroll working rules (also known as IR35) to the private sector, a year ahead of its implementation on 6 April 2020.
HMRC has issued details of the updated VAT fuel scale charges which apply from the beginning of the next prescribed VAT accounting period starting on or after 1 May 2019.
VAT registered businesses use the fuel scale charges to account for VAT on private use of road fuel purchased by the business.
Please do get in touch for further advice on this or other VAT matters.
Internet link: GOV.UK fuel scale charges
HMRC has issued the latest version of the Employer Bulletin. This April edition has articles on a number of issues including:
Internet link: Employer Bulletin April 2019