NATIONAL INSURANCE - 29.11.2023
HMRC invites claims for NI refunds
HMRC concedes defeat. Following its defeat at the Upper Tribunal (UT) ( yr.23, iss.21, pg.5 , see The next step ), HMRC has issued a statement which seems to lay to rest its long-running dispute with employers who pay their employees’ car allowances . The statement accepts the UT’s ruling that the allowances can be disregarded as earnings when calculating NI contributions. ...
NATIONAL INSURANCE - 31.10.2023
Is NI payable on car allowances?
Two businesses paid their employees’ car allowances. They said no NI was payable on these to the extent the cars were used for business. HMRC argued the payments were just earnings and so liable to NI. How did the Upper Tribunal (UT) rule?
CARS - 17.10.2023
Electric vehicle charging, what’s new?
HMRC has changed its guidance on electric vehicle (EV)charging costs. As an employer if you followed HMRC’s original guidance, what steps should you take now?
MOTORING EXPENSES - 18.09.2023
Get some (tax) relief from ULEZ
ULEZ. The debate over the extension of the London Ultra Low Emission Zone (ULEZ) has been, and no doubt will continue to be, politically very decisive. Whatever your views those affected will be more concerned about the potential extra cost. The metaphorical cloud created by ULEZ has a minor silver lining for businesses. ...
CARS - 05.09.2023
HMRC’s latest advisory fuel rates
New rates. HMRC’s advisory fuel rates (AFRs) have risen slightly from 1 September 2023. As usual, you can use the old rates until 30 September 2023. The table shows the AFRs from 1 September with the previous rates in brackets. Engine size Electric per mile Petrol per mile LPG per mile Diesel per mile Up to 1,400cc - 13p (13p) 10p (10p) - 1,401cc to 2,000cc - 16p (15p) 12p (12p) - Up to 1,600cc - - - 12p (12p) 1,601cc to 2,000cc - - - 14p (14p) Over 2,000cc - 25p (23p) 19p (18p) 19p (18p) N/A 10p (9p) - - - ...
EXPENSES - 29.08.2023
How to avoid a common mistake with mileage payments
Several of your employees use their personally owned vehicles for work, for which you pay a mileage allowance at HMRC’s approved rates. But there’s a potential trap that could land you with a tax and NI bill. How can you avoid it?