Filename: UHY HY taxflash - car mileage update March 2011.pdf
File Size: 174 KB
Following the changes in December 2010, HMRC have recently increased tax free fuel rates with effect from 1 March 2011 following the recent increases in fuel prices. There could be a risk that company car drivers who might have paid a few pence less for their private travel than the official rate could be taxed on the full fuel scale benefit. This guide provides full details of the rates to help you avoid any additional tax charge.
Published on 17 March 2011
Other publications in this series
Taxflash: Mileage rates - March 2012
HMRC regularly publish approved ‘fuel only’ rates which have, again, changed.
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Taxflash: Mileage rates - December 2011
HMRC regularly publish approved ‘fuel only’ rates which have, again, changed.
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Taxflash: Mileage rates - September 2011
HMRC regularly publish approved ‘fuel only’ rates which have, again, changed.
download...
Company car users - changes to tax free fuel rates June 2011
HMRC regularly publish approved “fuel only” rates which have, again, changed. If you use the approved rates, you have certainty that you are claiming no more than the true cost of fuel used on business journeys and so will not be taxed on a “fuel benefit”.
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Taxflash: Latest HMRC tax amnesty - it's not just for plumbers
HM Revenue & Customs (HMRC) have this month announced a ‘tax amnesty’ for plumbers and those in associated trades and there are various inducements for those who come clean regarding undeclared income.
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Taxflash: Amended tax free fuel rates
This guide provides full details of the recent increased tax free fuel rates to help you avoid any additional tax charge.
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