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More electric business choices from Mercedes with 1% company car tax
Published
22nd Jun 2021
Two new variants of the all-electric
Mercedes-Benz
EQA compact SUV will be arriving this summer. The
EQA
300 4MATIC and EQA 350 4MATIC will join the existing EQA 250. Both new models feature dual moto ...
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New Advisory Fuel Rates published
Published
8th Jun 2021
New Advisory Fuel Rates (AFRs) from HMRC became effective 01 June.
AFRs are the rate, in pence per mile (PPM), suggested for reimbursing company car drivers for business mileage. They can also be used by drivers to reimburse ...
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Updated fuel mileage rates for company car drivers
Published
1st Mar 2021
HMRC has updated the fuel rates for company car drivers, effective from 01 March 2021.
The new rates - called the Advisory Fuel Rates (AFRs) - are used to reimburse drivers for business mileage undertaken in their company cars, or where all fuel is paid for by the company then the rates can be used to reimburse private mileage and therefore avoid ...
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Van benefit in kind drops to 0% for zero emission vans - is this the time to go electric?
Published
1st Feb 2021
From April 2021, a zero emission electric van will attract zero benefit in kind taxation. And, as electricity is not counted as a ‘fuel' by HMRC, there is also no free fuel tax to pay.
It means van drivers, if they are so allowed by their employers, can take the vehicle home at the weekends for their own priv ...
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Mild hybrid diesels escape 4% company car tax surcharge
Published
7th Oct 2020
For fleets and business users running company cars - we have some good news. There is less benefit in kind tax to pay on diesels that feature mild hybrid technology (such as the Kia Sportage pictured).
Often these vehicles are referred to as MHEVs - for mild hybrid electric vehicles. And the reason such vehicles are now exempt is due to a change i ...
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Alteration to Advisory Fuel Rates for business drivers
Published
30th Sep 2020
There are a new set of Advisory Fuel Rates for use from the beginning of September 2020.
The Advisory Fuel Rates (AFRs), issued by HRMC , are used by company car drivers claiming fuel costs to ensure they do not pay benefit in kind tax on company provided fuel, or to claim fuel expenses for business mileage. While most rates have remained static, ...
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