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9am lowdown: Taskforce recovers over £500m

2nd Jun 2016
Editor AccountingWEB
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AccountingWEB
AccountingWEB

In this morning’s lowdown, PwC Australia has removed its traditional dress code, and HMRC has updated its advisory fuel code.

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HMRC taskforce recovers over £500m

HMRC taskforces have retrieved over £540m since they launched in the spring of 2011, targeting tax fraud in sectors such as the adult industry and tobacco industry.

The taskforces have steadily increased the amount of money brought in each year, with 2015-16 3248m money pot doubling the previous year’s yield.  

As the taskforce reaches its five year milestone, HMRC’s director general for enforcement Jennie Granger said: “If you try to cheat on your tax, we are going to catch you.”

She added: “A small number of people still think they can cheat the tax system; these figures prove we can track them down and take back what they owe.”

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HMRC updates fuel rates

HMRC has released the advisory fuel rates applied from 1 June.

These mileage rates apply when you either reimburse employees for business travel in their company cars or require employees to repay the cost of fuel used for private travel.

Engine size Petrol - amount per mile LPG - amount per mile
1400cc or less 10 pence 7 pence
1401cc to 2000cc 13 pence 9 pence
Over 2000cc 20 pence 13 pence
 
Engine size Diesel - amount per mile
1600cc or less 9 pence
1601cc to 2000cc 10 pence
Over 2000cc 12 pence

 

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PwC Australia strips away dress code rules

PwC Australia has removed its traditional dress codes rules, allowing its employees to dress in a ‘more comfortable’ and ‘more confident’ way.

“It’s not a dress up or dress down policy” explains PwC’s Sue Horlin. “All we are asking our people to do is think about what they are doing each day, who they are doing it with, and dress in a way that reflects that.”

While PwC recently received a dressing down in the media after an agency temp worker was ordered to wear heels, Gaenor Bagley, PwC UK head of people, explains how this ‘flexible approach’ to dress code has been employed in PwC UK for a number of years.

“It’s important that our people can be themselves at work and that we respect our clients and colleagues," says Bagley. "We trust our people to use their judgement on what’s appropriate to wear.”

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