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.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.