January • #06 ADVISORY FUEL RATE FOR COMPANY CARSThese are the suggested reimbursement rates for employees’ private mileage using their company car from 1 December 2018. Where there has been a change the previous rate is shown in brackets.Engine...

January • #05 CAPITAL ALLOWANCE ON HIGH CO2 CARS AND ASSETS IN SPECIAL RATE POOL REDUCES TO 6%One of the other capital allowance changes announced in the Autumn Budget was the reduction of the writing down allowance on assets in the special rate pool from 8% to just...

January • #04 NEW CAPITAL ALLOWANCE FOR COMMERCIAL BUILDINGSThe Autumn 2018 Budget announced a new 2% straight line tax deduction for the cost of construction or renovation of commercial buildings and structures. HMRC have now issued a technical note setting out the...

January • #03 INCREASED CAPITAL ALLOWANCES START 1 JANUARY 2019The Chancellor announced a temporary increase in the Annual Investment Allowance (AIA) for expenditure on plant and machinery to £1 million from 1 January 2019. However transitional rules mean that the...

January • #02 PENSION PLANNINGFor most taxpayers the maximum pension contribution is £40,000 each tax year, although this depends on their earnings. This limit covers contributions by both the individual and their employer.Note that the unused allowance for a...

January • #01 NEW YEAR RESOLUTIONS TO SAVE TAXAt this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year on 5th April.An obvious tax planning point would be to maximise your ISA...