Fuel duty frozen but trouble ahead for diesels?

Following the Spring Budget announcement by Chancellor Philip Hammond, Jamie Smith, Partner of our Parent Company, Foster Denovo reflects on how changes announced will impact the self employed.
Featured in Business Car Manager, the article looks at the cost of fuel for business users and takes a look at the impact of the Spring Budget on self employed.

Jamie Smith, Partner at Foster Denovo says: “Not a particularly great day if you are a contractor working through your own limited company.  The Chancellor stopped short of equalising NIC rates for self-employed and employed workers, which was expected with just a 1% increase from 2018.

“In my opinion, this is likely to be just the beginning of higher taxation for many limited company contractors as further measures to equalise taxation between self-employed and employed.”

Read the article in full here.