Good morning, hope the long weekend treated you all well. Here’s the news.
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Say hello to the new advisory fuel rates
The government has released the amended advisory fuel rates that will take effect from today. You can use the previous rates for up to 1 month from the date the new rates apply for employees using a company car.
The new rates are as follows:
Engine size
|
Petrol - amount per mile
|
LPG - amount per mile
|
1400cc or less
|
11 pence
|
7 pence
|
1401cc to 2000cc
|
14 pence
|
9 pence
|
Over 2000cc
|
21 pence
|
14 pence
|
Engine size
|
Diesel - amount per mile
|
1600cc or less
|
9 pence
|
1601cc to 2000cc
|
11 pence
|
Over 2000cc
|
13 pence
|
For the purpose of the figures, hybrid cars are treated as either petrol or diesel cars.
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Infamous accountant turns activist
The accountant Anthony Simpson - who was jailed for eight years in June after stealing nearly £500,000 of his Bradford firm’s money and spending it on drugs and prostitutes – has started a campaign to improve prison diets.
He wrote in prison magazine ‘Inside Time’ that the provisions were ‘awful’ with inmates not getting the Government-recommended ‘five-a-day’ portions, and has started a campaign calling for improvements to be made to the prison diet.
Simpson was jailed in June after he stole £490,420 from conveyancing firm Hammonds Direct in Bradford, where he worked. He also had and distributed more than 300,000 child abuse images.
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AnyAnswers and the mystery of the most tax efficient vehicle
The learned council of AnyAnswers recently embarked on a quest to find the most tax efficient form of transport.
The answer? The humble bicycle. But for the non-peddlers among us, a traditional heavy goods vehicle allows a client to avoid the benefit charge for limited private use.
Surprisingly, electric cars are still not good value. “I had a look at a 100% electric car recently (not a hybrid) and it is just not worth putting through the company,” wrote Stuart.Thomson. “One of the problems is BIK on the car in coming years and if a personal acquisition mileage allowance does not apply to electricity (it is not considered a fuel by HMRC!).”
What’s your take?
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