HMRC may be issuing penalties to businesses who have failed to notify them that they have received a grant, which they were not eligible for or an overpayment under the various support schemes that have been available through the Coronavirus pandemic. The factsheet available on the Government website gives further information on why and how these penalties will be issued, check if your business might be affected.
The company car fuel rates are reviewed and adjusted each quarter on:
1 March
1 June
1 September
1 December
HMRC are bringing into line the rules for DCPU’s and Double Cab/Crew Cab vans – ie. that they are not vans for Benefit in Kind and Capital Allowances purposes but Multi Purpose vehicles and therefore are treated the same as cars. This is following the high profile “Coca Cola” case regarding Crew Vans, which over […]
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