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Spring Budget 2020

Spring Budget 2020

The Chancellor, Rishi Sunak, has delivered his first Budget. Here are the 2020 tax rates & proposed changes at a glance. Personal Taxation – 2020/21 National Insurance contributions The threshold for class 1 primary contributions paid by employees and the...
What are the tax implications of company cars?

What are the tax implications of company cars?

Offering a company car as a benefit can be a valuable and attractive perk to any valued employee. Unfortunately, it is not necessarily a tax-free perk and it may be liable for PAYE because HMRC considers the private use of a company car to be a benefit-in-kind. In...