C

    Income tax - Employment income - Expenses and benefits - Expenses - Expenses subject to special rules - Travel and subsistence - b. Amount of deduction - Use of employee's own vehicle or bicycle - 27085

    There is a statutory exemption from tax for the approved mileage allowance payments, as shown in the table below, made to an employee in respect of their own vehicle (for the NIC exemption, see ¶43210)....

    Income tax - Employment income - Expenses and benefits - II. Benefits in kind - Non-taxable benefits - Equipment and communication - Provision of equipment and services - 27315

    Subject to certain exceptions, equipment and services provided by an employer will be exempt where: - they are provided at work and the employee's private use is not significant (such as private e-mails...

    Income tax - Employment income - Expenses and benefits - II. Benefits in kind - Taxable benefits - Vehicles - 27640

    Many companies provide their employees with a vehicle in the form of a car or van. Where fuel is also provided by the employer, this comprises a benefit too.

    Who’s entitled to tax-free mileage allowances?

    The lease on your company car has ended but you’re delaying a new contract until your business recovers from the lockdown. Meanwhile you’re borrowing your other half’s car when you need...

    Advisory fuel rates fall significantly

    Advisory fuel rates fall significantly..New rates. HMRC has updated its advisory fuel rates (AFRs) for company cars from 1 June 2020. The old rates (shown in brackets in the table below) can...

    Car and van mileage allowances

    Car and van mileage allowances HMRC approved mileage rates from 6 April 2011HMRC approved mileage allowance payments (AMAPs) can be paid tax and NI free to employees using their own...

    Car and van mileage allowances

    Car and van mileage allowances HMRC approved mileage rates from 6 April 2011HMRC approved mileage allowance payments (AMAPs) can be paid tax and NI free to employees using their own...

    Sharing the company car tax efficiently

    Your company provides a car which you and your other half share. Naturally, there’s tax to pay on this benefit in kind but how can you arrange it so that it’s charged at the lowest possible...

    Maximising the tax-free mileage allowance

    Your company can pay its directors and employees a tax and NI-free mileage allowance for business journeys. The maximum rate according to HMRC is 45p per mile but you could increase it to as...

    Can clients claim home to office travel?

    Several of your clients and their employees are working from home due to the coronavirus lockdown. If any of them need to travel to the office, e.g. to collect post, can they be paid a mileage expense...