Happy New Year

At the end of 2019, and the decade, all that is left for us to say here at Anthony Marshall Ltd to all our clients, both past and present, along with all our relationship partners, is to wish you all a very happy new year from all our staff.

The new year promises to be more stable, now that we have a Government with a majority to work. The economic outlook is quite positive for a few years to come. And Brexit will finally be delivered, meaning we can get on with agreeing trade relations with not only the EU, but also the rest of the world.

Wishing you and your families a VERY HAPPY NEW YEAR!!!!!

December 2019 Fuel Rates

HMRC have announced new fuel rates for journeys on or after 1st December 2019. For one month from the date of change, either the old rates or the new rates can be used. Hybrid cars are treated as either petrol or diesel cars for this purpose.

The rates can also be used for VAT recovery purposes, but employers will need to keep supporting invoices/receipts to cover the VAT reclaimed. In addition, the rate for full electric cars is 4p per mile, and electricity is not a fuel for company car fuel benefit purposes.

The new rates based on engine size are :

Petrol       :   1,400cc or less 12p; 1,401cc to 2,000cc 14p; over 2,000cc 21p

Diesel      :   1,600cc or less   9p; 1,601cc to 2,000cc 11p; over 2,000cc 14p

LPG         :    1,400cc or less  8p; 1,401cc to 2,000cc  9p; over 2,000cc 14p

Revised CEST Tool Launched

HMRC has updated its check employment status for tax ( CEST ) tool recently. This tool will check whether the IR35 intermediaries legislation applies to a particular engagement in both the public and private sectors.

Around 30 new questions have been updated or included. Up until now, only 85% of cases gave an answer. The updates will hopefully increase this number.

CEST is the only device which produces a result which HMRC will stand by. This is, however, on the caveat that the information which is input is both accurate and the tool is used in accordance with the guidance.

We would strongly recommend that any contractor who is concerned that IR35 may apply to them, should use the tool and if the answer shows that the contract is outside of IR35, then the results be printed off and stored as part of the official records.

Office Closure

Our offices will be closed on Friday 6th December from 11:00am, as we are having our staff Christmas function on that day. Our offices will re open on Monday 9th December at 9:00am.

We would like to take this opportunity to wish all our clients, both past and present, along with our associates, advisers, and introducers a very merry Christmas and a wonderful and healthy new year.