For VAT periods starting on or after 1 January 2023, the default surcharge will be replaced by new penalties if you submit VAT returns late or pay VAT late.
There will also be changes to how VAT Interest is calculated.
Follow the link for more information.
When an employee is provided with a company car, to avoid a taxable car fuel benefit, fuel must only be provided for business travel. To ensure this is the case, two methods are available, the first being preferable: Many years ago HMRC started to issue ‘Advisory Fuel Rates’, which they allow for the above calculations […]
The Chancellor, Rachel Reeves, delivered the Autumn Budget on Wednesday 26 November, the link below will give you all the information and key points. If you wish to discuss any of the contents with one of our team, please contact the office on (01623) 420269.
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