Monthly Archives: January 2017

From 1 December 2016, the advisory fuel rates have changed to: 1400cc or less: petrol 11p per mile, LPG 7p per mile 1401-2000cc: petrol 14p per mile, LPG 9p per mile Over 2000cc: petrol 21p per mile, LPG 13p per mile Diesel rates: 1600cc or less: 9p per mile 1601-2000cc: 11p per mile Over 2000cc:…

It is worth repeating an article we first published March 2016 that highlighted the cash benefit to company car drivers and their employers, of reimbursing the cost of fuel provided for private motoring. The rates have been updated for 2016-17. Since the tax on private fuel provided with company cars is so high, many employers…

All UK taxpayers may benefit from pausing, taking a deep breath, and considering their planning options as we approach the run-up to yet another tax year end. Individuals The prime areas for consideration are where income levels are threatening to break through into the higher rates of income tax. For 2016-17, these are: If your…

Whilst it is never easy to double guess future changes in our tax system there are already changes afoot, some included in past legislation, and some promised by prior announcement. Two items are worthy of a new year’s underline. Firstly, buy to let landlords that have borrowed heavily to build their rental property portfolio should…