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New company car advisory fuel rates have been published and took effect from 1 March 2024.
The guidance states: 'you can use the previous rates for up to one month from the date the new rates apply'. The rates only apply to employees using a company car.
The advisory fuel rates for journeys undertaken on or after 1 March 2024 are:
HMRC guidance states that the rates only apply when you either:
You must not use these rates in any other circumstances.
The Advisory Electricity Rate for fully electric cars is 9p per mile.
If you would like to discuss your company car policy, please contact us.
Internet link: GOV.UK AFR
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06 May 2025
Sole traders and landlords with an income over £50,000 have been warned that there is less than a year before they will be required to use Making Tax Digital for Income Tax (MTD for IT).
The independent review into the loan charge has issued a call for evidence with examples of promotional material and marketing leaflets a priority for the review team.
A new service has been launched that allows individuals to verify their identity directly with Companies House through GOV.UK.