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Advisory Fuel Rates with effect from 1st December 2009 |
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HMRC has released the new advisory fuel rates which take effect from 1 December 2009. The rates have previously been announced with one month’s warning and the option for employers to adopt early, but earlier this year it was announced that the additional month’s warning would no longer be provided, and that employers should adopt the revised rates immediately.
The new rates are :
| Engine size |
Petrol |
Diesel |
LPG |
| 1400cc or less |
11p |
11p |
7p |
| 1401cc - 2000 cc |
14p |
11p |
8p |
| over 2000 cc |
20p |
14p |
12p |
The rates allow employers to provide fuel for business motoring in a company car, and exclude the employee from incurring a benefit in kind charge on the provision of free fuel for private motoring. They are recommended and not mandatory rates and are intended to permit employers to reimburse business motoring without the need to negotiate a dispensation.
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DATABASE OF GOVERNMENT CONTRACTS NOW AVAILABLE TO ALL FOR FREE |
Every small business in the UK now has free access to information about lower value government contracts for which firms may tender.
The government's website http://www.supply2.gov.uk advertises thousands of public sector procurement opportunities worth up to £100,000. Although you need to register to access it, there is no charge for so doing.
Why not give it a go? This could be a source of additional sales income for your business.
August 2009
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Apprentices - minimum weekly wage |
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As from 1 August Employers must pay apprentices at least £95 a week. (previously £80).
Apprentices under the age of 19 and older workers in the first year of an apprenticeship are exempt from the national minimum wage.
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Alistair Darling presented his 2009 Budget on April 22 2009.
The 2009/10 tax tables and other figures may be found in our 'TAX CENTRE '.
A summary of the main points is to be found by clicking on the ' BUDGET FOCUS' tab at the top of this page.
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Late Filing penalty increase |
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February 1st - Fines increase for Limited Companies who are late in filing their accounts with the Registrar of Companies.
Private Limited Companies are required to file accounts within 10 months of their accounting year end.
Fines for late submission are increased substantially as from February 1st.
Up to 1 month late:
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£150
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More than 1 month, but less than 3 months:
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£375 |
More than 3 months, but less than 6 months:
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£750 |
More than 6 months:
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£1500 |
These fines also apply to flat management and dormant companies as well as active companies.
NB- as from accounting periods starting on or after 6th April 2008, the filing deadline for private Limited Companies is reduced from 10 months to 9 months after the accounting period end.
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