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HMRC Updates

Date: 20th April 2017 | Post by: HaesCooper | Category: Company Tax Updates & Information, HMRC Updates
Revised rates. HMRC has updated its advisory fuel rates (AFRs) for company cars. These apply from 1 June 2014, but you can continue to use the previous rates until 30 June 2014. Private journeys. AFRs can be used to avoid potential tax charges that can arise where: your business pays for fuel put...
Date: 20th April 2017 | Post by: HaesCooper | Category: Company Tax Updates & Information, HMRC Updates
During a visit from HMRC you were told that your VAT records weren’t up to scratch and that unless you improve them you could be fined. Is this correct and what exactly do the rules require? Record penalties Over the last few years HMRC has been making a lot of noise about businesses keeping good...
Date: 20th April 2017 | Post by: HaesCooper | Category: Company Tax Updates & Information, HMRC Updates
Employers are under the cosh again. This time it's for in-year interest charges on late PAYE payments. What steps can you take to avoid them? Changes. In April 2013 RTI radically changed the way employers report payroll and CIS data to HMRC. With it came the threat of penalties for not submitting...