Specialist Tax News

Christmas party time!

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There continues to be no taxable benefit for employees provided that all staff are invited, and the cost to the employer does not exceed £150 a head, inclusive of VAT. If you have already had an summer event, provided the combined cost of the two events is no more than £150 a head, there would […]

Specialist Tax News

Advisory fuel rate for company cars

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The table below sets out the HMRC advisory fuel rates from 1 December 2024. These are the suggested reimbursement rates for employees’ private mileage using their company car. Where the employer does not pay for any fuel for the company car, these are the amounts that can be reimbursed in respect of business journeys without […]

Specialist Tax News

Diary of main tax events December 2024 / January 2025

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Date What’s Due 1 December Corporation tax for year to 29/02/2024, unless quarterly instalments apply. 19 December PAYE & NIC deductions, and CIS return and tax, for month to 5/12/24 (due 22/12 if you pay electronically).   30 December Deadline for filing 2023/24 tax return online in order to request that HMRC collect outstanding tax […]