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Those business currenlty exempt from online filing will be required to file VAT returns electronically as from 2012
It can take a while to get the registration process fully in place. So, don't leave it too long before getting organised.
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The details of the Coalition Government's first budget - trailed as an ' Emergency Budget' have now been announced.
Look at our Budget page to see a summary of its content.
Do get in touch with us if you want to discuss how any of these measures affect you.
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1st June 2010 New fuel advisory rates payable |
HMRC has released the new advisory fuel rates which take effect from 1 June 2010.
For one month from the date of change, employers may use either the previous or new current rates, as they choose. Employers may therefore make or require supplementary payments if they so wish, but are under no obligation to do either.
| Engine size |
Petrol |
Diesel |
LPG |
| 1400cc or less |
12p |
11p |
8p |
| 1401cc to 2000cc |
15p |
11p |
10p |
| Over 2000cc |
21p |
16p |
14p |
Petrol hybrid cars are treated as petrol cars for this purpose.
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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As from 1st October 2010, the rates are increased to :
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£5.99 per hour |
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£4.92 per hour |
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£3.64 per hour |
Additionally , Apprentices under 19 or over 19 but in the first year of their apprenticeship must be paid at least £2.50 per hour
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Alistair Darling presented his Budget on the 24th March 2010. A summary of the main points is on our ' Budget Focus' page and the tax rates are on the ' Tax Centre' page.
Do take a look and if you have any queries on matters mentioned, please contact us.
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