Advisory fuel rates for company cars

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These are the suggested reimbursement rates for employees’ private mileage using their company car from 1 June 2019. Where there has been a change the previous rate is shown in brackets: Note that for hybrid cars, use the equivalent petrol or diesel scale charge. However, it may be more beneficial to compute the actual cost. You […]

Physical and mental benefits of spending time outdoors

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Nice recent article in the Guardian suggesting we should all get outdoors regularly. For those that don’t know our back story, Green Accountancy was indeed founded to bring environmental matters to small businesses, which in turn was inspired by outdoor hobbies.

VAT in Construction Services

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From 1 October 2019 new VAT rules will require certain business to business supplies within the construction industry to have reverse charge VAT applied. This means the supplier will not charge VAT but instead the recipient of the supply will charge themselves VAT. This already happens in many business-to-business supplies of services from the UK […]

National Minimum Wage to increase on 1 April 2019

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Both the National Minimum and National Living Wage increased on 1 April 2019. The hourly rate for the minimum wage depends on the employee’s age and whether they are an apprentice. As the minimum wage increases more employers than ever will be directly affected, including some of those who currently pay above the minimum. The […]

Salary Sacrifice for Auto Enrolment Pensions

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Pension contributions under Auto Enrolment are by default split between employer and employee. From the 6 April 2019: Employer contributions must be at least 3% Total contributions must be at least 8% Many employers will simply treat the difference (currently 5%) as employee contributions.  The problem with this approach is that whilst all contributions are […]

Directors could face jail term for pension mis-management

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The government is to introduce a new criminal offence of ‘wilful or reckless behaviour’ in relation to pensions which would see directors facing up to seven years in jail. In its response to a consultation on protecting defined benefit contribution pension schemes, which ran from June to August last year, the government said it will […]

Minimum pension contribution rates to increase in April

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Minimum contribution rates under automatic enrolment are due to rise from 3% to 5% for employees and 2% to 3% for employers from 6 April 2019. The Department for Work and Pensions (DWP) says its research suggests saving behaviour is sticking: the first increase in minimum contributions which took place last year has not prompted […]

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