HMRC have recently increased tax free fuel rates, and there could be a sting in the tail if you have been either claiming more for business mileage, or repaying less for private mileage, than HMRC’s official rates. This guide provides full details of the rates to help you avoid any additional tax charge.
Published on 6 December 2010
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.
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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: Amended tax free fuel rates for March 2011
Following the increased tax free fuel rates with effect from 1 March 2011, this guide provides full details of the rates to help you avoid any additional tax charge.
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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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