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Advisory fuel rates for company cars
New company car advisory fuel rates have been published and took effect from 1 June 2023.
Read article Don't miss out on a tax refund for work expenses, HMRC urges
HMRC is reminding employed workers they can claim a refund on work-related expenses on the GOV.UK website.
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Spring Budget 2023
The Chancellor announced a £27 billion transformation of capital allowances from April this year, which will include the Full Expensing of investment in qualifying plant and machinery. There was also a £500 million package for research and development intensive businesses. In addition, Mr Hunt announced 12 Investment Zones across the UK with funding for skills and support.
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Autumn Statement 2022
On 17 November 2022, the government undertook the third fiscal statement in as many months, against a backdrop of rising inflation and economic recession. The Chancellor laid out three core priorities of stability, growth and public services. The government sought a balanced path to support the economy and return to growth, partially through public spending restraint and partially through tax rises.
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