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4 dni temu · When an employer pays employee expenses for fuel for journeys made for business purposes, there are different procedures depending on whether the employee uses their own private vehicle or a company vehicle. These are based on Mileage Allowance payments (MAPS) and Advisory Rates.
2 dni temu · As an employer, you’ll also have to pay National Insurance Contributions (NIC) on the BIK provided. This is based on the value of the BIK – essentially, what it’s worth as a benefit to the employee. The rate is generally 13.8% of the BIK value. So, the lower the BIK value (again, think low-emission vehicles), the less you’ll pay in NIC.
4 dni temu · 1. Log your miles. This may sound completely obvious, but you will need to record the qualifying business miles. Various apps can do this for you (including Xero and QuickBooks). Otherwise, a simple spreadsheet, or even a pad and pen will do! Record as much detail on the reason for the trip as you can, along with the mileage. 2. Calculate your ...
4 dni temu · From the second payment and onwards you'll pay a fixed rate, and you can opt to pay annually, every 6 months, or monthly. The flat rate for tax year 2024/2025 is £190, but you are eligible for a small discount if you have an alternative vehicle. All the fixed rates for car tax are listed in the table below.
2 dni temu · The total taxable value of car fuel benefit has fallen steeply from £0.47 billion in 2019 to 2020, to £0.24 billion in 2021 to 2022 and to £0.20 billion in 2022 to 2023. Total Income Tax and ...
2 dni temu · Calculate the full cost and payment schedule, with depreciation estimate of a personal contract purchase (PCP) deal. Includes new and used cars, balloon payments, GMFV and more.
2 dni temu · We have compiled a table of toll costs per kilometre in the most frequently travelled countries with a distance-based toll system. Please note that these costs are average values and may vary depending on vehicle type, specific route, and current tariffs: Country. Cost per kilometre. Germany. €0.15. France.
