The National Living Wage (NLW) is set to increase by 6.2% to £8.72 in 2020 The government has confirmed that the new rate will start on 1 April 2020 and will result in an increase of £930 annually for 2.8 million full-time workers on the NLW. This is the biggest Read more…
Hundreds of taxpayers could face unexpected tax bills for failing to declare pension contributions accurately on their self assessment returns HMRC’s most recent monthly pension schemes newsletter acknowledges the potential for problems. The newsletter states: ‘We know that scheme members are forgetting to declare details of their annual allowance charge Read more…
HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 December 2019 cutting standard 1600cc minus mileage rates by 1p per mile to reflect lower fuel costs The advisory fuel rates apply from 1 December 2019 have decreased by 1p per mile for vehicles Read more…