Sorry. You need to upgrade your browser

You are using Internet Explorer 8

This is considered an out of date browser. This website has been developed with modern browsers in mind to allow it to display at its best in a wide variety of viewing situations - including mobile viewing. But we haven't supported older browsers like IE8. Please upgrade to the latest version of Internet Explorer - or try Mozilla Firefox or Google Chrome. Both are excellent browsers.

Thank you.

Chartered Certified Accountants
and Business Advisors

01530 267320

Landlords can claim mileage allowances

Landlords received a small boost in the Autumn Budget. The Chancellor agreed they could use the HMRC’s approved mileage rates to work out the tax-deductible amount for travel they make in managing their rental businesses.

Companies and partnerships with corporate members who are landlords will not be allowed to use the mileage allowance.

The change will have retrospective effect. Landlords, unless they are exclude, can use the mileage allowance for journeys on or after 6 April 2017. The allowance rates are:

 

First 10,000 Miles

Additional Miles

Cars and Vans

45p

25p

Motorcycles

24p

24p

Bicycles

20p

20p

 

27 Feb 2018

« Back to latest news

Latest news

P11d and P11d(b) Filing and Payment Deadlines

Remember, you need to tell HMRC about any Class 1A National Insurance Contributions (NICs) for the tax year ending 5 A...

Click to read more >

First Soft Drinks Industry Levy return due in July

If you are a packager of drinks that are liable for the Soft Drinks Industry Levy (SDIL) you are required to send a retu...

Click to read more >

Cycle to work scheme

The cycle to work scheme allows your business to provide employees, including directors, with the loan of a bicycle and ...

Click to read more >

Changes in advisory fuel rates from 1 June 2018

These advisory fuel rates apply for all journeys undertaken on or after 1 June 2018. You can use the previous rates for ...

Click to read more >

Do you always have to issue a VAT invoice?

It’s no coincidence businesses that poor records and paperwork are more likely to fail. Tax rules, especially those fo...

Click to read more >

Salary Sacrifice

A salary sacrifice scheme involves an employee giving up some of their gross pay in exchange for something in return, us...

Click to read more >

Help-to-save scheme postponed

The government help-to-save scheme, which was due to be ready on 6 April 2018 has now be postponed and will not be in op...

Click to read more >

New scale for VAT on fuel

HMRC has released details on the flat rate charges for car fuel. If you’re VAT registered you can use the scale charge...

Click to read more >

Tax-free aid

Working from home is becoming increasingly common! There are few special tax provisions to help employees and employers ...

Click to read more >

How can we help?

 

Submit

Testimonial

Sence are approachable and happy to take my call, they listen to me, and my concerns no matter how small.

Jacqui Williams
Tip Top Hair Design

Click to read the full testimonial >