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Self assessment payment Plans19-Feb-2021
Today HMRC has announced that Self Assessment customers will not b..
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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-2021Advice 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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