Brexit and VAT - what happens if there is no deal?With Brexit looming, HMRC have issued several publications for businesses to consider how a “no deal” might affect them as there would be a significant impact on VAT on cross border transactions. To find out more, read our overview of HMRC's recent guidance on "VAT for businesses if there is no Brexit deal" Electric company cars - the HMRC crack downWith the introduction of fully electric cars, HMRC have recently been taking a more aggressive stance on the tax position of benefits and reimbursed fuel costs. From 6 April 2018, electric cars will face a benefit in kind charge of 13% on the list price of the car, increasing to 16% from 6 April 2019. This can affect the employees personal tax liability dramatically, potentially taking them into a higher tax band. Read more DRG enters team for gruelling cycling fundraiserThis October Daniel Reid, Partner at DRG, will be entering a team that will cycle 300km with over 3,000m of climbing in 2 1/2 days as part of the True Cycle Challenge in Mallorca. DRG is looking to support True in raising £200k for Tommy's - the largest charity funding research into the causes of miscarriage, stillbirth and premature birth. Read more "Tax Saving Opportunities for Companies" Fact SheetRead some of our latest Fact Sheets featuring tax and payroll issues.
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