Article Database - Topic: 'Cars' - Keyword: 'Advisory fuel rates'

 
HMRC changes tax-free fuel rates Publication date: 16.03.2018
Article database » Cars » Advisory fuel rates
HMRC changes tax-free fuel rates..New rates. HMRC updated its advisory fuel rates (AFRs) from 1 March 2018 onwards. The rates don’t reflect current pump prices, but are worked out using an average for the previous quarter. Tip. If you don’t think the new AFR is accurate enough, you can work out and use your own rates instead, but keep a good record...
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Advisory fuel rates rise Publication date: 22.12.2017
Article database » Cars » Advisory fuel rates
Advisory fuel rates rise..New rates. HMRC revised its advisory fuel rates (AFRs) from 1 December 2017. As an employer you can use them to work out how much to reimburse employees for fuel paid for and used for business journeys in their company cars. Conversely, where you pay for fuel which they use for private journeys they can reimburse you at the...
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HMRC’s fuel rates buck current trend Publication date: 18.09.2017
Article database » Cars » Advisory fuel rates
HMRC’s fuel rates buck current trend..Revised rates. HMRC has updated its advisory fuel rates (AFRs) with effect from 1 September 2017. The rates are worked out using average pump prices over the previous quarter, which saw fuel prices reducing slightly. The trouble is that prices began to rise in late August and so the new AFR’s don’t reflect...
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HMRC’s fuel rates stay (almost) flat Publication date: 09.06.2017
Article database » Cars » Advisory fuel rates
HMRC’s fuel rates stay (almost) flat..New rates. HMRC has updated its advisory fuel rates (AFRs) with effect from 1 June 2017. These mileage rates can be used by employers and employees to reimburse each other to avoid the car fuel benefit in kind charge arising. You can use the old rates (shown in brackets in the table below) until the end of June...
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Updated advisory fuel rates Publication date: 02.03.2017
Article database » Cars » Advisory fuel rates
Updated advisory fuel rates..New rates. HMRC has updated its advisory fuel rates (AFRs) with effect from 1 March 2017. These are the rates for reimbursement of fuel costs which can be used by employers and employees to avoid the car fuel benefit in kind charge arising. HMRC allows you to use the previous rates until the end of March 2017. The table...
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Advisory fuel rates rise for petrol vehicles Publication date: 12.12.2016
Article database » Cars » Advisory fuel rates
Advisory fuel rates rise for petrol vehicles..New rates. HMRC has updated its advisory fuel rates (AFRs) with effect from 1 December 2016. Only the rates for petrol cars or vans with cylinder capacities above 1,400cc have changed. In any event HMRC will allow you to use the previous rates until the end of December 2016. The table shows the new AFRs...
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Advisory fuel rates - only diesel rates change Publication date: 21.09.2016
Article database » Cars » Advisory fuel rates
Advisory fuel rates - only diesel rates change..New rates. HMRC has announced virtually unchanged advisory fuel rates (AFRs) for the quarter which commenced on 1 September 2016. In any event, you can continue to use the old rates for 30 days from the introduction of the new ones, i.e. until 30 September 2016. The table shows the new AFRs with the old...
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advisory fuel rates remain almost static Publication date: 09.06.2016
Article database » Cars » Advisory fuel rates
advisory fuel rates remain almost static..New rates. HMRC’s advisory fuel rates (AFRs) for the quarter which commenced on 1 June 2016 remained static or increased slightly. As usual employers can continue to use the old rates for 30 days from the introduction of the new ones, i.e. until 30 June 2016. The table shows the AFRs from 1 June with the old...
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advisory fuel rates fall Publication date: 18.03.2016
Article database » Cars » Advisory fuel rates
advisory fuel rates fall..New rates. HMRC’s advisory fuel rates (AFRs) generally fell from 1 March 2016. However, you can use the old rates until 31 March 2016. The table shows the AFRs from 1 March with the previous rates in brackets. Engine size Petrol p/mile LPG p/mile Diesel p/mile Up to 1,400cc 10p (11p) 7p (7p) - 1,400cc to 2,000cc 12p...
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Avoiding car fuel benefit the easy way Publication date: 07.03.2016
Article database » Cars » Advisory fuel rates
For most people with company cars it’s not tax efficient for the business to pay for private fuel as it results in a fixed and hefty tax bill. However, avoiding the tax charge can be more tricky than you might think. What are your options?
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