Friday 19 December 2014

Advisory Fuel Rates & Mileage Rates from June 2015

New Rates: HMRC has updated its advisory fuel rates (AFRs). These apply from 1 June 2015. The table below shows the new AFRs with the previous figures in brackets.

Private journeys. AFRs can be used to avoid tax charges where your business pays for fuel used in a company car which you use for private journeys, or where you pay for fuel used in your company care or van and an allowance is paid to cover any business travel.

 

ENGINE SIZE
PETROL P/MILE
LPG P/MILE
DIESEL P/MILE
Up to 1,400 cc
12p (13p)
8p (9p)
10p (11p)

1,401 cc to 1,600 cc

14p
9p
10p
1,601 cc to 2,000 cc
14p
9p
12p
 
 
 
 
Over 2,000 cc
21p (23p)
14p (16p)
14p (16p)

 

Mileage rates

Changes to the HMRC business mileage rates are announced from time to time. The rates from 1 June 2015 are as follows:

VehicleFirst 10,000 milesThereafter
Car / Van                45p                 25p
Motorcycle                24p          24p
Bicycle                20p          20p

CHRISTMAS OPENING HOURS


Please note our Mansfield office will close at 5.15pm on Tuesday 23rd December for the Christmas holiday. The office will re-open on Friday 2nd January 2015 at 8.45 am.

The Southwell office will close at 11am on Tuesday 23rd December and re-open on  Tuesday 6th January 2015 at 9am.
 

We would like to take this opportunity to wish all our clients a Very Merry Christmas and a Happy and Prosperous New Year.