Hallidays Accoountants have published their latest monthly newsire, designed to keep you informed of the latest business and tax issues. This month includes: VAT issues affecting vehicles and ‘qualifying charities’; 65+ Growth Bonds; advisory fuel rates for company cars; no more tax discs and paper counterpart no longer valid!
Is VAT recoverable on car derived and combi vans?
HMRC have issued a list of makes and models of car derived vans and combi vans which VAT registered businesses can use to determine if the VAT paid on the purchase can be reclaimed as input tax.
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65+ Guaranteed Growth Bonds a success
HM Treasury has announced that the National Savings and Investments 65+ Guaranteed Growth Bonds have been bought by more than a million older savers, who made total investments of over £13 billion.
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HMRC issue guidance on VAT reclaims by qualifying charities
HMRC have issued guidance on VAT reclaims by ‘qualifying charities’ under recent changes to the rules.
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Advisory fuel rates for company cars
New company car advisory fuel rates have been published which took effect from 1 June 2015.
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Driving licence paper counterpart no longer valid
The Driving and Vehicle Licensing Agency has announced that with effect from 8 June 2015 the paper counterpart to the photocard driving licence will not be valid and will no longer be issued.
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HMRC payroll guidance – harvest casuals and casual beaters
HMRC have issued useful guidance for those employers who pay casual employees working outdoors harvesting perishable crops, or as casual beaters for a shoot.
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