| Date | Title |
|---|---|
| 22-May | High Street sales slip again |
| 22-May | Business owners and managers ‘urged’ to train |
| 21-May | Small business dismay over agency worker proposals |
| 31.03.08 | Filing deadline for corporation tax returns re y/e 31.03.07 |
| 01.04.08 | Corporation tax due re: y/e 30.06.07 |
| 31.03.08 | Filing deadline at Companies House for y/e 31.05.07 |
Mileage Allowances
Changes to the HM Revenue & Customs business mileage rates are announced from time to time.
The current effective rates from 1 January 2008 are:
| Vehicle | First 10,000 miles | Thereafter |
|---|---|---|
| Car / Van | 40p | 25p |
| Motorcycle | 24p | 24p |
| Bicycle | 20p | 20p |
| Car – fuel only advisory rates | |||
|---|---|---|---|
| Engine capacity | Petrol | Diesel | LPG |
| up to 1400cc | 11p | 11p | 7p |
| 1401 - 2000cc | 13p | 11p | 8p |
| Over 2000cc | 19p | 14p | 11p |
The HM Revenue & Customs advisory rates can be applied as a tax-free maximum rate for employees claiming for petrol used on business journeys and for employees reimbursing their employers with the cost of petrol used for private journeys. HM Revenue & Customs will consider claims for a higher maximum rate, if it can be demonstrated that it is necessary for an employee to use a car with higher than average fuel costs.
