Advisory fuel rates for September 2019 announced by HMRC
HM Revenue and Customs (HMRC) has published the latest advisory fuel rates, to apply from 1 September 2019.
The new rates, that only apply to employees using a company car are as follows:
|Engine size||Petrol – amount per mile||LPG – amount per mile|
|1400cc or less||12 pence||8 pence|
|1401cc to 2000cc||14 pence||10 pence|
|Over 2000cc||21 pence||14 pence|
|Engine size||Diesel – amount per mile|
|1600cc or less||10 pence|
|1601cc to 2000cc||11 pence|
|Over 2000cc||14 pence|
Hybrid cars are treated as either petrol or diesel cars for this purpose.
Advisory Electricity Rate
The Advisory Electricity Rate for fully electric cars is 4 pence per mile. Electricity is not a fuel for car fuel benefit purposes.
HMRC review these rates on a quarterly basis on 1 March, 1 June, 1 September and 1 December.
For more information please contact Lee Muter, Employment Taxes Partner, on 0191 243 6089 or at firstname.lastname@example.org
HMRC has announced that the introduction of significant amendments to the VAT rules for construction services, known as ‘domestic reverse charge’ accounting, have been delayed for 12 months until 1 October 2020.
Newcastle-based chartered accountancy and financial advisory firm UNW has provided support to The Alnwick Garden across a wide range of services. Most recently, this has been during the development of their Lilidorei Play Village, a project which will see the organisation launch the world’s biggest wooden play structure. We spoke with Mark Brassell, Director of The Alnwick Garden, about their Lilidorei project, as well as the organisation’s involvement with UNW.
SJOG Hospitaller Services has enjoyed growth over the past nine months following the appointment of an entirely new executive team,
The Government has recently announced a 0% BIK tax rate for fully electric vehicles which applies from April 2020. Background
HMRC has recently released a Bulletin that features information on several important Employment Tax issues. The publication, which was released