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Company Cars

Advisory Fuel Rates For Company Cars March 2023

The table below sets out the HMRC advisory reimbursement rates for employees’ private mileage using their company car from 1 March 2023. Where full reimbursement is made there is no taxable fuel benefit. The rates for the previous quarter, if different, are in brackets. In cases where the employer pays for the car fuel, these […]

Read more March 2nd, 2023

Advisory Fuel Rates For Company Cars January 2023

The table below sets out the HMRC advisory reimbursement rates for employees’ private mileage using their company car from 1 December 2022. Where full reimbursement is made there is no taxable fuel benefit. The rates for the previous quarter, if different, are in brackets. In cases where the employer pays for the car fuel, these […]

Read more January 26th, 2023

Advisory Fuel Rates For Company Cars June 2022

Unbelievably there were very few changes to the HMRC advisory fuel rates from 1 March 2022, which may not have been your experience at the filling station! Now that the increased prices have fed through into the HMRC calculations there are some significant increases from 1 June 2022, as set out in the table below. […]

Read more June 7th, 2022

Buying A Used Electric Car?

The shortage of semiconductors has meant long delays in the delivery of new cars. This has caused many company car drivers to choose a second-hand car instead, but what are the tax consequences? Unless the car has zero emissions, the capital allowance rules are the same for new and used cars bought by the business. […]

Read more June 6th, 2022

Employee Travel And Subsistence

With employees’ and directors’ P11d’s for 2021/22 due by 6 July 2022 it is timely to remind employers of the rules for travel and subsistence, particularly as HMRC have recently issued some updated guidance and useful examples of their interpretation of the law. Tax relief for employee travel costs is available provided the journey isn’t […]

Read more May 22nd, 2022

Reimburse Private Fuel For Your Company Car?

Unless there is full reimbursement of fuel provided for the private use of a company car there is a benefit in kind charge based on a fixed figure of £24,600 which is multiplied by the CO2 emissions percentage that is used to calculate the company car benefit for that vehicle. For a high emission car […]

Read more May 4th, 2022

Advisory Fuel Rates For Company Cars March 2022

HMRC have again increased the advisory fuel rates that apply for the reimbursement of employees’ private fuel for their company cars. The new rates apply from 1 March 2022, but you can continue to use the previous rates for up to 1 month from the date the new rates apply. Where there has been a […]

Read more March 11th, 2022

Payrolling Benefits In Kind

HMRC are encouraging more employers to payroll employee benefits in kind rather than declaring benefits on the end of year P11d forms. If employers haven’t already done so they should register online with HMRC on or before 5 April 2022 to payroll employee benefits for the upcoming 2022/23 tax year.The advantages of payrolling benefits in […]

Read more March 7th, 2022

Advisory Fuel Rates For Company Cars December 2021

HMRC have again increased the advisory fuel rates that apply for the reimbursement of employees’ private fuel for their company cars. The new rates apply from 1 December 2021, but you can continue to use the previous rates for up to 1 month from the date the new rates apply. Where there has been a […]

Read more December 7th, 2021

Advisory Fuel Rates For Company Cars September 2021

As the result of recent increases in petrol and diesel prices, HMRC have increased the advisory fuel rates that apply for the reimbursement of employees’ private fuel for their company cars. The same rates apply when the employer reimburses employees for fuel used for business journeys in their company car. The new rates apply from […]

Read more October 13th, 2021

Car Benefit Reduced Where Unavailable

P11d forms reporting benefits in kind provided to employees and directors need to be submitted to HMRC by 6 July. Where a company car is “unavailable” for private use for 30 or more consecutive days the benefit is proportionately reduced. During the various lockdown periods, many employees and directors have not been using their company […]

Read more June 15th, 2021

Advisory Fuel Rates For Company Cars June 2021

These are the suggested reimbursement rates for employees’ private mileage using their company car from 1 June 2021. Where there has been a change the previous rate is shown in brackets. For wholly electric cars there is a 4p advisory rate. However, for hybrid cars use the equivalent petrol or diesel rate. Note that for […]

Read more June 15th, 2021

Advisory Fuel Rates For Company Cars March 2021

These are the suggested reimbursement rates for employees’ private mileage using their company car from 1 March 2021. Where there has been a change the previous rate is shown in brackets. For wholly electric cars there is a 4p advisory rate. However, for hybrid cars use the equivalent petrol or diesel rate. Note that for […]

Read more March 11th, 2021

Advisory Fuel Rates For Company Cars January 2021

These are the suggested reimbursement rates for employees’ private mileage using their company car from 1 December 2020. Where there has been a change the previous rate is shown in brackets. For wholly electric cars there is a 4p advisory rate. However, for hybrid cars use the equivalent petrol or diesel rate. Note that for […]

Read more January 13th, 2021

Advisory Fuel Rates For Company Cars September 2020

These are the suggested reimbursement rates for employees’ private mileage using their company car from 1 September 2020. Where there has been a change the previous rate is shown in brackets. You can continue to use the previous rates for up to 1 month from the date the new rates apply. For wholly electric cars […]

Read more October 15th, 2020