HMRC advisory fuel rates from 1 December 2019

Newsletter issue - January 2020.

HMRC have published company car advisory fuel rates for use from 1 December 2019.

The rates apply when employers reimburse employees for the cost of fuel for business travel in their company cars or require employees to repay the cost of fuel used for private travel. HMRC review rates quarterly on 1 March, 1 June, 1 September and 1 December.

The rates applying from 1 December 2019 are as follows:

Petrol and LPG

Engine size 1400cc or less: petrol 12p per mile, LPG 8p per mile

1401cc to 2000cc: petrol 14p per mile; LPG 9p per mile

Over 2000cc: petrol 21p per mile; LPG 14p per mile

Diesel

1600cc or less: 9p per mile

1601cc to 2000cc: 11p per mile

Over 2000cc: 14p per mile

Current and older rates can be found on the gov.uk website at

https://www.gov.uk/government/publications/advisory-fuel-rates

 

Accounting

Accounting

Provide comprehensive bookkeeping, accounting, payroll and tax computation plus compliance services to provide peace of mind

Software

Software

Included within the fixed fee are subscriptions to cloud based, award winning software ensuring real-time information accessible to both the client and their advisor

Client Area

Client Area

Secure client area to login to all your accounting resources and documents

Knowledge

Knowledge

Legislation, particularly tax, is continually changing. With our website and regular newsletters, you will always be up to date with the latest developments.

ICloud

ICloud

Using cloud based technology tools to ensure accuracy and efficiency with your bookkeeping and accounting