Company Car Tax Take Goes Up As Number Of Drivers Falls

Company Car Tax Take Goes Up As Number Of Drivers Falls The Government is raising record revenues from the company car market by imposing higher taxes on drivers - at the same time as the number of drivers actually falls. Provisional figures from HMRC for 2016/17, the latest year available, show that the amount the Treasury collected in company car tax and National Insurance Contributions (NICs) increased by more than 24% year-on-year – up [...]

A Simplified Look At The Main IFRS 16 Changes

How does IFRS 16 affect you? What is IFRS 16? IFRS 16 (International Financial Reporting Standard) is a new standard for lease accounting which will come into force in January 2019. It will replace the existing IAS 17 lease accounting standard. It’s been put together by the International Accounting Standards Board (IASB). At first glance, it’s a complicated piece of accounting legislation which could potentially be a nightmare to navigate. On closer examination, however, [...]