British territories sign deal on tax information
£220 million haul from wealthy taxpayers.
Changes to class 2 and class 4 NICs
HMRC issues Most Wanted list 16/08/12
Reforms to Non-Dom Tax 01/07/11
HMRC extends Business Records Checks 03/10/11
From 1 June 2011 Fuel-Only Mileage Rates (Where only fuel is provided by the Employer)
HMRC advisory mileage rates for employee private mileage reimbursement or employer reimbursement of business mileage are:
Engine capacity Petrol Diesel Gas
Up to 1400 cc 15 12 11
1401 to 2000 cc 18 15 13
Over 2000 cc 26 18 18
For employees using their own transport
The approved maximum tax and national insurance free mileage allowances for employees using their own transport for business are as follows:
Flat rate First 10,000 miles Over 10,000 miles
Cars and vans 45p 25p
Motor cycles 24p 24p
Bicycles 20p 20p
Income tax and NICS are due when allowances exceed these rates. Employees can claim tax relief on any shortfall.
Rates of up to 5p per mile, per passenger, are also tax and NIC free when paid for the carriage of fellow passengers in a car or van on the same business trip.