We are all aware of the importance of CO2 Emissions but most of us have no idea where to start. The Brand New CarbonCalc feature within MyExpenses instantly empowers you to make positive changes in your business and most importantly,
The easiest way to measure the Carbon Emissions of ALL your Business Travel. … Read More
P11D forms report expenses and benefits given to employees and directors through the tax year If your organisation paid any benefits or expenses (which are not exempt), you need to file a P11D(b). You will also need to send HMRC
We are firm believers in simplifying processes (particularly expense management) with software tools. Constantly looking for ways to save our customers precious time. A fully functioning expense management system has the potential to save an abundance of time in the
Temporary reduced VAT rates for certain supplies relating to hospitality, hotel and holiday accommodation, and admission to certain attractions are set to end, reverting back to 20% from 1st April 2022. In the wake of the 2020 Coronavirus pandemic, a
Every 3 months, HMRC review the advisory fuel rates. They apply to employees using a company car if: You reimburse employees for business travel Or require employees to repay the cost of private travel These are “fuel only” rates, and
For employees who regularly travel and incur sizeable business expenses, the expectation to use their own funds to cover the cost can not only potentially cause them personal cashflow problems, but also mean they are reluctant to travel, missing key
What are the tax rules for employee entertainment? … Read More
The expense claiming process attracts a variety of inaccuracies, both intentional and non. The problems with expenses for the finance team and administrators are the processing times associated with identifying and fixing these errors, which is frustrating for both admins
Due to the pandemic, on 8 July 2020, the government announced a temporary 5% reduced rate of VAT for certain supplies relating to hospitality, hotel and holiday accommodation, and admission to certain attractions. The reduced rate was initially introduced for
