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VAT changes come into force

Changes to VAT arrangements, originally announced in the March 2012 Budget, take effect from 1 October. The changes, which are designed to tackle anomalies within the VAT regime, apply to hot food and premises; sports nutrition drinks, listed buildings; hairdressers’ chairs and self-storage. Anti-forestalling measures also take effect from 1 October in relation to the listed building and self storage changes New VAT arrangements relating Read more…

Company car advisory fuel rates updated

HM Revenue & Customs has amended the advisory fuel rates for company cars with effect from 1 September 2012. The rates – HMRC’s guidelines for fuel mileage rates for company cars – apply to all journeys made on or after 1 September, until further notice For one month from the date of change, employers may use either the previous or new current rates, as they Read more…