New Advisory Fuel Rates and mileage allowances from September 1st

HMRC has published the latest Advisory Fuel Rates (AFR) for company car users for the third quarter, effective from September 1st, 2019

There is a decrease in 1p per mile for engine sizes 1401cc – 2000cc and over 2000cc, although the LPG rate has risen 1p to 10p per mile for 1401cc – 2000cc engines.

The diesel rate for engine size 1601cc – 2000cc has decreased by 1p per mile also.

These fuel rates apply in circumstances to reimburse employees for business travel in their company cars or when employees are required to repay the cost of fuel used for private travel.

See full rates below:

Engine size

1400cc or less

1401cc to 2000cc

Over 2000cc

Petrol – amount per mile

12p

14p

21p

LPG amount per mile

8P

10p

14p

Engine size

1600cc or less

1601cc to 2000cc

Over 2000cc

Diesel – amount per mile

10p

11p

14p

These new rates are in place until the next quarterly review on December 1st.

An easy way to keep your clients up to date automatically with new tax rates and allowances is through your own branded App.

The clients of our MyFirmsApp customers receive this information immediately via automated push notifications to their Smartphone, which we send out on the behalf of their accountant. This ensures clients of our customers are informed of the changes straight away, and their accountant didn’t need to do anything – we sent the message for them!

The App hosts a fully maintained suite of tax tables that covers not only fuel and mileage allowances, but current and historic rates and thresholds across a wide area of tax, including  Income Tax, National Insurance Contributions, Corporation Tax, Inheritance Tax and more!

They are all managed and updated in the App so your clients can find the answers they need daily – saving both you and them time and money.

To accompany the fuel rates, the automated GPS Mileage Tracker feature allows your clients to track all their business journeys and mileage thanks to state-of-the-art automatic tracking. Each journey is tracked accurately, logged in the App and ready for them to export to you and further digitalise their record keeping and set them on the right path ahead of MTD.

Follow the button below to trial the App for free, discover these tax rates and see how they could benefit you and your clients.