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Treasury under pressure to debate probate ‘tax’
Posted: April 18, 2019
In its commentary on the economic and fiscal outlook published alongside details of the Spring Statement, the Office of Budget Responsibility (OBR) has pointed out that the government has altered its proposed schedule of fees payable for an application for a grant of probate. The new rates take effect from April 2019, and range between […]
Making Tax Digital update
Posted: April 17, 2019
VAT-registered businesses with a taxable turnover above the VAT threshold are required to use the Making Tax Digital (MTD) service to keep records digitally and use software to submit their VAT returns from 1 April 2019. The exception to this is a small minority of VAT-registered businesses with more complex requirements. As part of planning […]
Employee mileage allowances
Posted: April 15, 2019
Confusion often arises over differing tax treatment of mileage allowances paid to employees using their own cars for business, and those provided with a company car. An employee using their own car for work can claim a mileage allowance from their employer, which is designed to cover the costs of fuel and wear and tear […]