Advisory fuel rates update

New advisory fuel rates are in play for employees' usage of company cars, following the latest quarterly update. As of 1 December 2019, the following advisory fuel rates are in place for petrol and LPG-fuelled company cars. Engine size Petrol (per mile) LPG (per mile)...

Javid hints at review into IR35 extension

The planned extension of off-payroll rules to the private sector will be included in a review into how the Conservatives could better support the self-employed. The admission by former chancellor Sajid Javid potentially increases the prospect of the tax measure being...

Time runs out to open a help-to-buy ISA

Help-to-buy ISA providers are reporting a last-gasp surge to open the government-backed savings vehicle before it closes for good. Launched in December 2015, the help-to-buy ISA allows first-time buyers to deposit up to £1,000 and save up to £200 a month. Savers get a...

Complex taper catches out high earners

High earners could face large tax bills if they fail to declare pension contributions on their 2018/19 tax returns, according to a report. When completing self-assessment, taxpayers are asked if they have put money into a pension scheme above the annual pensions...

CEST tool update comes under fire

HMRC has released its tweaked check employment status for tax (CEST) tool, with some stakeholders maintaining the claim that it is not fit for purpose. The tool was first introduced in 2017 as part of the extension to the off-payroll rules that applied to the public...