Advisory Fuel Rates from 1st December 2019

For employees using a company car, the new fuel rates for use from 1 December are as follows: Engine Size Petrol LPG Diesel Amount per mile (in pence) 1400cc or less 12 8 9 1401cc to 1600cc 14 9 9 1601cc to 2000cc 14 9 11 Over 2000cc 21 14 14 For the purpose of … Continue reading Advisory Fuel Rates from 1st December 2019

Does ‘Qualifying Car’ Always Mean ‘VAT Recoverable’?

The term ‘qualifying car’ is widely used and misunderstood. Car dealers may well tell potential buyers that it means you are able to reclaim the VAT. However, is that always the case? Generally, the input tax on the purchase of a motor car is blocked, unless the car is to be used for one of … Continue reading Does ‘Qualifying Car’ Always Mean ‘VAT Recoverable’?

Employment Benefits: Mileage Payments

For those submitting P11Ds, 6 July 2019 will mark the deadline for reporting relevant benefits and expenses provided in 2018/19. It is important to ensure that any mileage payments made to directors and employees are within the HMRC approved rates if you want to avoid a benefit in kind. For business travel in an employee’s … Continue reading Employment Benefits: Mileage Payments

Advisory Fuel Rates from 1st June 2019

For employees using a company car, the new fuel rates for use from 1 June are as follows: Engine Size Petrol LPG Diesel Amount per mile (in pence) 1400cc or less 12 8 10 1401cc to 1600cc 15 9 10 1601cc to 2000cc 15 9 12 Over 2000cc 22 14 14 For the purpose of … Continue reading Advisory Fuel Rates from 1st June 2019

New Tax Year, New Tax Rules: Are You Up-To-Date?

The start of the new tax year brought significant changes to legislation. It is also P11D season: these need to be completed soon. Increasing minimum wage From April 2019, the National Minimum Wage (NMW) and the National Living Wage (NLW) rates increased. From 1 April 2019, the hourly rates of pay are as follows: Age … Continue reading New Tax Year, New Tax Rules: Are You Up-To-Date?

Advisory Fuel Rates from 1st March 2019

For employees using a company car, the new fuel rates for use from 1 March are as follows: Engine Size Petrol LPG Diesel Amount per mile (in pence) 1400cc or less 11 7 10 1401cc to 1600cc 14 8 10 1601cc to 2000cc 14 8 11 Over 2000cc 21 13 13 For the purpose of … Continue reading Advisory Fuel Rates from 1st March 2019

Advisory Fuel Rates from 1st December 2018

For employees using a company car, the new fuel rates for use from 1 December are as follows: Engine Size Petrol LPG Diesel Amount per mile (in pence) 1400cc or less 12 8 10 1401cc to 1600cc 15 10 10 1601cc to 2000cc 15 10 12 Over 2000cc 22 15 14 For the purpose of … Continue reading Advisory Fuel Rates from 1st December 2018

Advisory Fuel Rates from 1st September 2018

For employees using a company car, the new fuel rates for use from 1 September are as follows: Engine Size Petrol LPG Diesel Amount per mile (in pence) 1400cc or less 12 7 10 1401cc to 1600cc 15 9 10 1601cc to 2000cc 15 9 12 Over 2000cc 22 13 13 For the purpose of … Continue reading Advisory Fuel Rates from 1st September 2018

Advisory Fuel Rates from 1st June 2018

For employees using a company car, the new fuel rates for use from 1 June are as follows: Engine Size Petrol LPG Diesel Amount per mile (in pence) 1400cc or less 11 7 10 1401cc to 1600cc 14 9 10 1601cc to 2000cc 14 9 11 Over 2000cc 22 14 13 For the purpose of … Continue reading Advisory Fuel Rates from 1st June 2018

Advisory Fuel Rates from 1st March 2018

For employees using a company car, the new fuel rates for use from 1 March are as follows: Engine Size Petrol LPG Diesel Amount per mile (in pence) 1400cc or less 11 7 9 1401cc to 1600cc 14 8 9 1601cc to 2000cc 14 8 11 Over 2000cc 22 13 13 For the purpose of … Continue reading Advisory Fuel Rates from 1st March 2018