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
If you receive tips on ‘more than an occasional’ basis, there is new legislation which is effective from October 2024, that you need to be aware of. By more than occasional, HMRC seem to deem a few tips a year as occasional and so if your business receives tips more than this, you need to […]
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