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Business Finance PLUS News

June 2010 Edition

Our aim is to keep you up to date with ideas and information that will help you gain the best possible advantages in working with us. This newswire will be sent regularly to help achieve this aim, and we hope you enjoy reading them.

Are there VAT Increases ahead?

The British Chamber of Commerce are predicting that we should expect an increase in VAT to help deal with the country's budget deficit.

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Changes to the advisory fuel rates from 1 June 2010

To reflect the increase in fuel prices, HMRC have issued new advisory fuel rates for employees driving employer provided cars. These take effect for all journeys undertaken from 1 June 2010, so employers using the advisory rates should advise affected employees and update any expense forms as soon as possible.

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Budget Date Announced

The new coalition government is settling into office and a date has been announced for the emergency Budget. Chancellor of the Exchequer George Osborne will present the emergency Budget on Tuesday 22 June 2010.

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HMRC takes hard line on Time to Pay applications

The number of companies being refused more time to pay tax bills has doubled, new figures have revealed.

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March 2010 Newsletter
January 2010 Newsletter
December 2009 Newsletter
November 2009 Newsletter
October 2009 Newsletter