Every 3 months, HMRC review the advisory fuel rates
The figures above show a developing culture of overclaiming where many employees feel they are entitled to do so
According to Experian, mismanagement of petty cash costs UK businesses £1.8 billion every year
Currently HMRC does not consider electricity as a fuel, so where does it fit into the picture?
Any changes introduced into a business can be difficult, and new technology is no different
You can now deduct and pay tax on most employee expenses through your payroll, as cash equivalent amounts