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Self assessment payment Plans19-Feb-2021

Today HMRC has announced that Self Assessment customers will not b..

CIS Domestic VAT reverse Charge09-Feb-2021

Construction Industry Scheme (CIS) Domestic VAT Reverse Char..

Advisory Fuel rates05-Feb-2021

Advice Note Advisory Fuel Rates (AFRs) from 01 December ..

Advisory Fuel rates

16-Feb-2021

Advice Note

 

Advisory Fuel Rates (AFRs) from 01 December 2020

The AFRs apply to employees, including company directors, using a company car. Current rates apply from 01 December 2020. You can use the previous rates for up to 1 month from the date the new rates apply.

Engine size

Petrol

LPG

1400cc or less

10p

7p

1401cc to 2000cc

11p

8p

Over 2000cc

17p

12p

Engine size

Diesel

1600cc or less

8p

1601cc to 2000cc

10p

Over 2000cc

12p






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.

Foremans LLP

December 2020


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