Claiming VAT on Mileage
If you are an employee or a director and use your own car for business travel, your company can reimburse you in the following way (tax-free payments); 45 Pence per mile for the first 10,000 miles, every tax year. 25 Pence per mile for any miles in excess of 10,000. The above cover the cost of
How to set up a PAYE Scheme for your company
You must register as an employer with the HM Revenue & Customs (HMRC) if you are running a company or a business that employs staff to carry out work on your behalf for exchange of salary or benefits. ‘Pay As You Earn’, or PAYE, is the system by which HMRC collects income tax and National