Policy News Journal - 2015-16

 Amend their company car benefits or change their car fuel details, for example if they change their company car  Remove a company car benefit if they no longer have access to a company car  Add a company car benefit if they start getting a company car for the first time.

The digital service isn’t available to employees who are part of a car averaging or car sharing scheme, or who have their company benefits and expenses taxed through the company payroll (known as “payrolling”).

Your employees must verify their identity to use this service for the first time. They will need:

a valid UK passport and/or UK photocard driving licence access to their financial information.

The Check or update your company car tax service is now part of the new Personal Tax Account , which is currently being tested with customers. These secure digital tax accounts for individual customers will bring together each customer’s details in one place, like an online bank account. Employees will be able to check their tax codes online and how they have been calculated. This will help reduce the burden on employers.

This new service was introduced in July 2015 and we’ll be adding more services to it and aim to make it available to more customers by the end of this year. By 2020 everyone in the UK will have a Personal Tax Account.

This information was published in HMRC Employer Bulletin 56 .

Advisory Fuel Rates for Company Cars from 1 December 2015 30 November 2015

HMRC have issued details of the latest Advisory Fuel Rates for Company Cars.

For one month from the date of change, employers may use either the previous or new current rates, as they choose. Employers may therefore make or require supplementary payments if they so wish, but are under no obligation to do either.

The new rates are below (previous rate in brackets where there is a change):

Engine size

Petrol

LPG

1400cc or less

11p

7p

1401cc to 2000cc

13p (14p)

9p

Over 2000cc

20p (21p)

13p (14p)

Engine size

Diesel

1600cc or less

9p

1601cc to 2000cc

11p

Over 2000cc

13p

Hybrid cars are treated as either petrol or diesel cars for this purpose.

Follow this link for details on how the rates are calculated

Advisory Fuel Rates for Company Cars from 1 March 2016 26 February 2016

HMRC have issued details of the latest Advisory Fuel Rates for Company Cars.

For one month from the date of change, employers may use either the previous or new current rates, as they choose. Employers may therefore make or require supplementary payments if they so wish, but are under no obligation to do either.

The new rates are below (previous rate in brackets where there is a change):

CIPP Policy News Journal

25/04/2016, Page 136 of 453

Made with FlippingBook - Online magazine maker