HMRC fines on the increase
CFOs were hit by a record number of HMRC fines in 2015/16 under the Senior Accounting Officer (SAO) regime, with 181 fines dished out, according to Pinsent Masons.
The number of penalties of £5,000 levied personally against individual executives, for failure to maintain tax accounting arrangements or disclose deficiencies, went up by 17% from 2014/2015. Full story http://bit.ly/2nr6BI4
If you’re a company, whatever size you are, to stay within the law and avoid HMRC penalties, you have to keep accurate records of mileage expenses. If mileage expenses are causing you headaches put Fleetmiles to the test in your business today. Call 01420 544514 or visit www.pregem.com/mileage-expenses/