Advisory fuel rates Sep 2018

Advisory fuel rates Sep 2018

New company car advisory fuel rates have been published which take effect from 1 September 2018. The guidance states: ‘You can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company...
Stamp Duty Cut

Stamp Duty Cut

According to the latest statistics 121,500 first-time buyers have saved a total of £284,000,000 following the introduction of a relief for first-time buyers under the Stamp Duty Land Tax rules which apply in England and Northern Ireland. Over the next five years, it...
HMRC warning: time to declare offshore assets

HMRC warning: time to declare offshore assets

HMRC is warning that taxpayers could face penalties if they fail to declare their income on foreign assets before new ‘Requirement to Correct’ legislation comes into force. HMRC is urging UK taxpayers to come forward and declare any foreign income or...
Bank of England puts interest rate up

Bank of England puts interest rate up

The Bank of England has put the interest rate up from 0.5% to 0.75%. The quarter of a percentage point rise sets the rate at its highest level since March 2009. The rise in the interest rate will no doubt increase the interest costs of residential mortgages that have...
HMRC saves public £2.4M by stopping fraudsters

HMRC saves public £2.4M by stopping fraudsters

HMRC has announced that it has been stopping fraudsters and has saved the public over £2.4m by tackling fraudsters that trick them into using premium rate phone numbers for services that HMRC provide for free. HMRC has reported that scammers create websites that look...