Welcome to our monthly newswire designed to keep you informed of the latest business and tax issues. Please contact us if you have any questions. Remember, we’re here to help.
Advisory fuel rates for company cars
New company car advisory fuel rates have been published which took effect from 1 March 2016.
Benefits and expenses – bespoke scale rates
From 6 April 2016 there are a lot of changes to the way in which benefits and expenses are reported to HMRC.
Trivial benefits exemption
From April 2016, where trivial benefits are provided to employees they may be exempt from tax if certain conditions are met.
Year end tax planning
With one month to the end of the tax year there is still time to save tax for 2015/16.
Changes to the taxation of saving income
There are significant changes to the income tax rules from 6 April 2016 which affect the taxation of savings income.
What will the Budget bring for businesses?
With two Budgets in 2015 it does not feel like that long ago since we last had a Budget but the next one is not that far away and will take place on Wednesday 16 March 2016.