DTE Corporate Finance Provides Advisory Services to...
We are pleased to share that our Corporate Finance team have provided buy side advisory services to the Canadian Private…Read More
With its recently published advisory mileage rates for electric company cars, HMRC have plugged (sorry!) what was an otherwise gap in their advisory fuel reimbursement rates for employees who use their company cars but who are personally responsible for the fuel costs (or in this context, for the costs of charging their electric car).
Sitting alongside the fuel only reimbursement rates for petrol, LPG and diesel we now have what is referred to as the Advisory Electricity Rate (AER) which has been set at 4p per mile for business journey reimbursements. No tax or NIC is payable on reimbursements up to and including this figure.
A slight frustration is that the rate applies from 1 September 2018, leaving the first five months of 2018/19 without a published rate to use and hence (absent clarification from HMRC to the contrary) the need to deal and report business expenses on form P11D to cover this period.
We are pleased to share that our Corporate Finance team have provided buy side advisory services to the Canadian Private…Read More
As confirmed late last year, the government has accepted the Low Pay Commission’s (LPC) recommendations on the raising of both…Read More
We are delighted to have strengthened our management team with the promotion of Jake Noble to audit manager. It’s certainly…Read More