The advisory fuel and electricity rates have been revised, with new rates effective on 1 March 2026. For HR professionals managing company car policies, applying the new rates helps ensure that business mileage is reimbursed correctly and is compliant with HMRC guidance.
This guide explains the rules on managing and distributing tips, service charges and gratuities in line with the Employment (Allocation of Tips) Act 2023 and the statutory code of practice, including the requirement for affected employers to have a written policy in place.
Tax thresholds will remain frozen and pension salary sacrifice will no longer be exempt from National Insurance, the Chancellor has confirmed in today's Budget.