๐๐๐ ๐ข๐ฌ๐ญ๐๐ซ ๐ญ๐จ ๐๐๐ฒ๐ซ๐จ๐ฅ๐ฅ ๐๐๐ง๐๐๐ข๐ญ๐ฌ ๐ข๐ง ๐๐ข๐ง๐
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๐๐๐ฅ๐๐ฏ๐๐ง๐ญ ๐๐จ๐ญ๐จ๐ซ๐ข๐ง๐ ๐๐ฑ๐ฉ๐๐ง๐๐ข๐ญ๐ฎ๐ซ๐ ๐๐ง๐ ๐๐๐ โ ๐๐ซ๐ ๐๐จ๐ฎ ๐๐ฎ๐ ๐ ๐๐๐๐ฎ๐ง๐?
For tax purposes, where an employee uses their own car for work, mileage allowances can be paid tax-free up to the approved amount, which is simply the business mileage for the year multiplied by the approved rate (which for cars and vans is set at 45p per mile for the first 10,000 business miles in
๐๐๐ค๐ข๐ง๐ ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐๐จ๐ง๐ญ๐ซ๐ข๐๐ฎ๐ญ๐ข๐จ๐ง๐ฌ ๐๐๐๐จ๐ซ๐ 6 ๐๐ฉ๐ซ๐ข๐ฅ 2024
As the end of the tax year approaches, it is prudent to review your pension contributions for the year and consider whether it is worth making further contributions before 6 April 2024. Remember, any annual allowances brought forward from 2020/21will be lost if not used by this date. The amount of tax-relieved contributions that can
๐๐ก๐๐ญ ๐ญ๐จ ๐๐จ ๐ข๐ ๐ฒ๐จ๐ฎ ๐ซ๐๐๐๐ข๐ฏ๐ ๐จ๐ง๐ ๐จ๐ ๐๐๐๐’๐ฌ ‘๐ง๐ฎ๐๐ ๐โ ๐ฅ๐๐ญ๐ญ๐๐ซ๐ฌ
HMRC believes that not everyone is paying the correct amount of tax, estimating what it terms as ‘the tax gap’ as being ‘4.8% of total theoretical tax liabilities, or ยฃ35.8 billion in absolute terms, in the 2021 to 2022 tax year’. HMRC appreciates that not all this money is purposely withheld (as in fraud or