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Budget 2018: a summary of key points

The end to austerity takes shape   Despite widespread predictions of potential tax rises and relief cuts, the Chancellor was able to deliver a Budget, on the back of the latest Office for Budget Responsibility forecasts, which continued the Government’s end of austerity message. The Chancellor sought to throw a lifeline to the high street[…] Read more »

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Still time to settle loan schemes with HMRC, but be quick!

The deadline for submitting loan scheme particulars passed at the end of September 2018. However, HMRC has confirmed in their latest April 2019 Loan Charge guidance, there is still time to reach an agreed settlement and thereby avoid the 2019 charge – this is potentially relevant for ALL EBTs, EFRBS, Contractor Loans and all other[…] Read more »

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A lightbulb moment (almost) for HMRC on electric cars

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[…] Read more »

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