The rule involves Customs & Excise restricting to 50% the proportion of company car hiring or leasing charges that are declared as a business expense and freeing a businesses hiring or leasing cars from having to keep records of private mileage.
The problem with this rule is that it does not comply with standard European Union VAT directives and although the European Commission has proposed a special exemption be extended a further year, it warned that an impending ECJ ruling on a similar German system could effectively ban the practice.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice