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cars vehicles and fuel
NICs on Car Allowance Payments
Wednesday, January 2nd, 2013Where employees use their own vehicles for business travel, limited exemptions from both PAYE income tax and Class 1 NICs are provided in the relevant legislation. Mileage payments are not liable for tax and NICs where the payments do not exceed a threshold value, calculated by multiplying the business mileage by a statutory mileage rates: [...]
Car and Van Fuel 2013/14
Tuesday, December 11th, 2012As announced in the Autumn Statement last week, the Chancellor announced the car and van fuel benefit increases for the tax year commencing 06 April 2013. The necessary Car and Van Fuel Benefit Order 2012 was signed on 06 December 2012 amending Sections 150 (1) and 161 (b) of the Income Tax (Earnings and Pensions) [...]
Company Cars and Vans
Thursday, December 6th, 2012Company Cars The Autumn Statement says at point 2.92 that Government is considering whether it should provide time-limited incentives to encourage companies to purchase and develop ultra-low CO2 emission vehicles. Further details will be provided at Budget 2013 following consultation with car manufacturers and motoring groups. Car Fuel Benefit HMRC’s guide to the rates and [...]
Advisory Fuel Rates – September 2012
Wednesday, September 5th, 2012HMRC routinely reviews the published Advisory Rates every three months. The current rates, effective from 01 September 2012, are added to the table below. Employers may choose to: · implement the new rates immediately, or use the old rate for up to one further month, and · make, or require employees to make supplementary payments, if the new rates cannot [...]
Advisory Fuel Rates
Wednesday, August 29th, 2012HMRC routinely reviews the published Advisory Fuel Rates every three months. The current rates, effective from 01 June 2012, are added to the table below. Employers may choose to implement the new rates immediately, or use the old rate for up to one further month, and make, or require employees to make supplementary payments, if [...]
Company Car and Car Fuel Benefit Calculator
Monday, August 13th, 2012HMRC advise that the above tool has now been updated to reflect the increase in the car fuel benefit multiplier from April 2012. Their calculator allows the user to: Calculate car and car fuel benefit-in-kind values Get an indication of the tax that will be payable on the calculated values Further Information HMRC – Company [...]
Company Vans
Monday, May 21st, 2012This week, there are two topics covered regarding company vans. The first concerns the statutory definition of a van for P11D purposes, in response to a number of questions raised on this subject. The second is a related piece of recent case law, which reinforces the legislation.
Pool Cars
Monday, April 23rd, 2012It is appropriate this week that pool cars are covered in the Newsletter, as they have been the subject of both questions that we have been frequently asked and some recent case law: FAQ – What are the conditions for treating a car as a pool car? If a car or van meets the statutory [...]
Budget 2012 – Benefits
Monday, April 2nd, 2012Company Car Tax Rates Budget 2012 saw the Government confirming its intention to follow successive Budgets and impose higher taxes on the more polluting cars. This has had the desired effect of ensuring that cars are now manufactured as more fuel-efficient. There were a number of changes: 2011/12 The Chancellor confirmed his intention to exclude [...]
Company Cars – Security Features Not to be Regarded as Accessories
Sunday, December 11th, 2011Effective 06 April 2011, where a company car was made available for private use, the £80,000.00 cap was removed for benefit calculations – i.e. the list price plus accessories is no longer capped at £80,000.00. This will impact our P11D reporting for the tax year 2011/12 in July 2012. However, the term accessories made no [...]
HMRC Advisory Fuel Rates for Company Cars
Friday, December 2nd, 2011HMRC routinely reviews the published Advisory Fuel Rates every three months. The current rates, effective from 1 December 2011, are added to the table below. With the exception of one of the LPG rates, there are no changes to rates that applied from September 2011. Employers may choose to: implement the new rates immediately, or [...]
HMRC Advisory Fuel Rates for Company Cars
Monday, November 28th, 2011HMRC routinely reviews the published Advisory Fuel Rates every three months. The current rates, effective from 1 December 2011, are added to the table below. With the exception of one of the LPG rates, there are no changes to rates that applied from September 2011. Employers may choose to: implement the new rates immediately, or [...]
New advisory fuel rates from 1 March 2011
Friday, March 4th, 2011HMRC reviews the published advisory fuel rates every six months and the new rates, effective from 1 March 2011, are added to the Table below. The rates were not due for review until June 2011 but, in view of the increases in pump prices since December, HMRC gave notice during February that the rates would [...]
Contract variations, sickness absence review, time to train, 2011/12 coding notices, NICs toolkit, P60s, Blue Badges, cars for disabled employees.
Friday, February 25th, 2011When an employer makes a change to contractual terms and conditions, can an employee later argue that the changes does not apply? Yes – in the circumstances described in the recent Morgan v Network Europe Group case. But the situation can be prevented, as the EAT reveals. An important Government announcement this week is that [...]
Disabled company car drivers
Friday, February 25th, 2011The income tax legislation provides a number of tax exemptions for benefits provided to disabled employees. These include: calculating the taxable value of a car with automatic transmission, which is provided for personal use as if it were a manual transmission car, in respect of its list price and its CO2 emissions figure, and accessories [...]
