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HMRC – Advisory fuel rates are changing from March 1st 2017.

HMRC – Advisory fuel rates are changing from March 1st 2017.

HMRC Advisory Fuel Rates – HMRC have made changes to their “Advisory Fuel Rates”. The changes to the AFR will be enforced from the 1st of March 2017, every driver needs to be aware of these changes, while claiming their mileage in March and thereafter! What ratings the HMRC have changed? The HMRC have changed […]

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Mileage Expenses and Tax – Quick Summary

Mileage Expenses and Tax – Quick Summary

Mileage Expenses and Tax HMRC wants to ensure that all companies and individuals in the UK pay the correct and appropriate amount of Taxes. Mileage is generally paid to an employee free of tax or national insurance. If a driver has over-estimated business mileage, then payments have been made without tax that should have incurred […]

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HMRC Advisory Fuel Rates from 1st December 2015

HMRC Advisory Fuel Rates from 1st December 2015

HMRC Advisory Fuel Rates from 1st December 2015 Her Majesty’s Revenue and Customs (HMRC) have announced the new Advisory Fuel Rates (AFR) for December 2015 in the midst of the Black Friday madness. The larger Petrol vehicles 1401cc and over have had their rates decreased by one pence per mile (ppm), with the 1400cc or […]

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Advisory Fuel Rates change from 1 June 2015

Advisory Fuel Rates change from 1 June 2015

Her Majesty’s Revenue and Customs (HMRC) have announced the new Advisory Fuel Rates (AFR) for the 1st of June 2015. With the dramatic decrease of AFR’s seen in March and the price of fuel on the rise once again the HMRC has increased the majority of the fuel rates accordingly. AFR’s apply to companies that […]

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HMRC figures reveal lower fuel prices have led to more miles driven

Both business and private drivers clocked up more miles this February as they took advantage of fuel prices 22p a litre lower than 12 months ago, according to figures released by HM Revenue and Customs (HMRC). Total fuel sales were up 3.5% – 133 million litres – on February 2014 with 3.8bn litres of petrol […]

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HMRC Advisory Fuel Rates see a decrease with effect from 1 March 2015

HMRC Advisory Fuel Rates see a decrease with effect from 1 March 2015

HMRC have announced the new advisory fuel rates, which organisations use to reimburse drivers for fuel used on business journeys, which apply to all journeys on or after 1 March 2015. The new advisory fuel rates are listed below in bold, previous rates in brackets: Engine size Petrol             LPG 1400cc or less             11p      […]

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Mileage Expenses, HMRC Compliance and How to Avoid Costly Surprises.

Mileage Expenses, HMRC Compliance and How to Avoid Costly Surprises.

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Mileage Expenses, HMRC Compliance Did you know that one of new customers contacted us because an HMRC crackdown on mileage expenses cost them £34,000 per driver… If you have been reading any of the fleet and finance press you will have probably seen the various articles and features on the importance of accurate mileage expenses […]

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Know Your Customer – KYC the HMRC Crackdown on Compliance

Know Your Customer – KYC the HMRC Crackdown on Compliance

HMRC has recently launched their Know Your Customer (or Key Yield Chances) campaign. Toward the beginning of the year HMRC launched a new methodology to target Employer Compliance reviews on certain key clients/targets. In recent years HMRC have been focusing their compliance activity on single specific areas of risk e.g.: Employment Status Termination payments Construction […]

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