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Double cabs remain a low tax haven after Government abandons rule change
Published
4th Mar 2024
The Government has abandoned plans to introduce massive tax increases on drivers receiving new double cab pick-ups after an industry outcry over the impact on businesses.
HM Revenue and Customs issued new guidance in February saying that double cab pick-ups with a payload of one tonne or more would be treated as company cars if they were available ...
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Government reduces Advisory Fuel Rates for company car drivers
Published
29th Feb 2024
Company car drivers claiming back petrol and diesel costs from their employers will receive less from next month.
The new Advisory Fuel Rates (AFRs) published by HMRC, which come into force from Friday, 01 March 2024, see rates fall for all fuels except EVs, which remain at 9 pence per mile.
Drivers with petrol or diesel engines up to two litres ...
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EV rate cut in HMRC’s December 2023 AFRs
Published
2nd Dec 2023
The Advisory Electric Rate (AER) - having been upped by a penny per mile last quarter - has been cut back by 1p to 9p per mile.
The HMRC’s latest Advisory Fuel Rates (AFRs) have now been published and while diesel company car drivers will welcome the increases across all engine bands, the news for drivers of electric vehicles (EVs) is less welco ...
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AER increases again in new HMRC rates
Published
5th Sep 2023
The advisory electricity rate (AER) has increased for company car drivers in electric cars (EVs), rising to 10 pence per mile (ppm).
HM Revenue and Customs analyses Advisory Fuel Rates (AFR) each quarter, which includes an AER, which can be used to reimburse drivers of company cars and to calculate costs.A two pence rise in the last half year refl ...
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New Advisory Fuel Rates published by HMRC
Published
2nd Jun 2023
Electric rate remains fixed as new AFRs effective from 1st June 2023.The government has released new Advisory Fuel Rates (AFRs) which come into play from Thursday 1st June. The rates are used by businesses and drivers when claiming back fuel costs from their employer or for private mileage when all fuel is paid for by the business to avoid fuel tax ...
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New advisory fuel rates published by HMRC
Published
28th Feb 2023
The Advisory Electricity Rate (AER) has increased by a penny per mile according to new figures published by HMRC which come into effect from 01 March 2023.
The new Advisory Electricity Rate (AER) is now 9 pence per mile (ppm), reflecting sustained higher domestic and commercial electricity prices over the past few quarters.
AFRs and AERs ...
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