| Cars and vans | 2011/12 Rate per mile |
|---|---|
| Up to 10,000 miles | 45p |
| Over 10,000 miles | 25p |
| Bicycles | 20p |
| Motorcycles | 24p |
These rates represent the maximum tax free mileage allowances for employees using their own vehicles for business. Any excess is taxable. If the employee receives less than the statutory rate, tax relief can be claimed on the difference.
Up to £15 million will be clawed back from academy schools before the end of the current academic year due to government budgeting errors, according to our data.
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A quarter of all taxpayers may be paying the wrong amount of tax due to incorrect PAYE codes according to our analysis.
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The cost of listing on AIM has risen at its fastest rate in more than five years according to our findings.
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A sudden surge in M&A activity on AIM is being driven by private equity backed deals to take companies private, our research reveals.
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From 6 April 2012 HMRC will be able to ask employers to pay a financial security where it thinks there is serious risk that the business won’t pay over their PAYE tax deductions or National Insurance contributions (NICs) on time.
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Our Brighton office has appointed a new partner, Charles Homan, to strengthen their growing tax team.
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On average women live longer than men and as a result pay lower life assurance premiums. A ruling by the European Court of Justice has outlawed the current practise of offering different life insurance rates for men and women.
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WKH Chartered Accountants, a three-office firm across Hertfordshire, Cambridgeshire and Bedfordshire, joins the UHY Hacker Young Group today (April 2 2012).
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Aberdeen has overtaken London to become the only major city in the UK that managed to grow its economy during the recession, reveals our research.
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UHY is a world leader in audit, accounting, tax and business advisory services. Download the UHY Global Directory for more information about our global offices and resources.
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This update brings you the most recent developments for academy schools.
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Our quarterly newsletter for SMEs gives a run-down of the latest tax, payroll, HR and general business news for small and medium-sized businesses.
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This issue features our guide to planning for international success.
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This month’s VATflash provides a warning for late filing penalties and discusses issues surrounding the recovery of your input VAT and any VAT you may have overpaid.
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With March arrived the 2012 Budget and subsequent changes to our VAT system. This VATflash sheds light upon those recent announcements and explores a number of important VAT issues outside of the Budget that could have major impact on you and your business.
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Our summary of George Osborne's 2012 Budget announcement is now available to download.
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Download our handy Tax Card for a run down of the key rates for 2012/13.
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This update brings you the most recent developments for Academy schools.
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