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In December 2009, HMRC changed the period of notice given to employers of the semi-annual adjustments to the advisory mileage rates for company cars. Previously any changes had been introduced from January and July each year and a month’s notice was given in advance in each case, allowing employers to introduce the new rates up to a month before their official implementation date.
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Posted March 10th, 2010 | No Comments »
Two weeks ago we reviewed an HMRC announcement about the withdrawal of the month’s notice that has been given in the past of changes to the advisory fuel rates. Our interpretation of that announcement was incorrect in some respects and the following review provides details of the new rates that are effective from 1 December 2009.
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Posted December 4th, 2009 | No Comments »
In November 2008, HMRC announced new “averaging” arrangements that may be used by employers in the motor industry when calculating the reportable value of cars that are changed very frequently. The procedure involves determining the average price and emission level ratings for cars available in each car group at each location. A number of simplifications were later introduced from the start of the 2009/10 tax.
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Posted November 18th, 2009 | No Comments »
The Advisory Fuel Rates are reviewed every six months and new rates will be effective from 1 January 2010. They are expected to be announced in late November.
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Posted November 18th, 2009 | No Comments »
As announced in the 2009 Budget, the calculation of the car benefit charge is to be simplified considerably from April 2011. There are currently eight different types of car, each with its own code letter for use on form P46(Car). These will be reduced to three when the changes are implemented.
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Posted July 15th, 2009 | No Comments »
Following its semi-annual review of fuel prices, HMRC has given one month’s notice of new advisory fuel rates that apply from 1 July 2009. However, HMRC continues to state that the new rates may be applied immediately if employers are able and wish to do so.
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Posted June 8th, 2009 | No Comments »
HMRC has issued
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Posted May 18th, 2009 | No Comments »
In response to a question posed by Kate Upcraft, HMRC provided further information about the changes that will be made to the rules for calculating the cash equivalent of automatic company cars provided for disabled drivers.
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Posted April 20th, 2009 | No Comments »
From the start of the 2009/10 tax year, the reporting requirement for form P46(Car) Car provided for the private use of an employee or a director is being relaxed so that it must only be completed quarterly by employers when
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Posted March 23rd, 2009 | No Comments »
In November 2008, HMRC announced new “averaging” arrangements that may be used by employers in the motor industry when calculating the reportable value of cars that are changed very frequently. The procedure involves determining the average price and emission level ratings for cars available in each car group at each location.
Continue reading
Posted March 23rd, 2009 | No Comments »
