04
Mar

Budget Report 2021: Tax and Travel

Mileage rates

Changes to the HMRC business mileage rates are announced from time to time. The fuel only advisory rates below relate to company cars only and apply from 1 March 2021. For those using their own vehicle the following mileage allowance payments apply.

Car benefits

For fully diesel cars generally add a 4% supplement (unless the car is registered on or after 1 September 20Continue Reading
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Posted By Philip Woolfson
04
Mar

Budget Report 2021: Income Tax and Personal Savings

The Chancellor announced the following income tax rates and allowances.

Income tax rates and bands

Income tax rates in Scotland and Wales on income other than savings and dividend income have been devolved.

Savings income

A starting rate for savings band of £5,000 at 0% may be available unless taxable non-savings income exceeds the starting rate band.

Dividend income

Personal a

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Posted By Philip Woolfson