The Chartered Institute of Payroll Professionals
News On Line
Advisory Fuel rates from 1 September 2023 Published: 25 August 2023 Emailed: 30 August 2023
HM Revenue and Customs (HMRC) has released the advisory fuel rates to be used from 1 September 2023. You can use the previous rates for up to one month after the new rates apply.
Engine size
Petrol — rate per mile
LPG — rate per mile
1400cc or less
13 pence
10 pence
1401cc to 2000cc
16 pence
12 pence
Over 2000cc
25 pence
19 pence
Engine size
Diesel — rate per mile
1600cc or less
12 pence
1601cc to 2000cc
14 pence
Over 2000cc
19 pence
The fully electric car advisory rate is 9 pence per mile. This will also now be reviewed quarterly along with the other advisory fuel rates.
Hybrid cars should be treated as petrol or diesel for the purposes of these rates.
Information provided in this news article may be subject to change. Please make note of the date of publication to ensure that you are viewing up to date information.
Back to contents
HMRC updates: pension lifetime allowance guidance and planned downtime Published: 25 August 2023 Emailed: 30 August 2023
HM Revenue and Customs (HMRC) has now updated the GOV.UK guidance and advised of planned downtime.
Below are the key updates for this week:
• Reinstate your pension lifetime allowance protection - if you lost your lifetime allowance protection as a result of the public service pension remedy (also known as McCloud), you may be able to reinstate it
This guidance is for people who have either: o lost their lifetime allowance protection as a result of the public service pensions remedy action and want to reinstate it
o have an updated date of loss following the remedy.
cipp.org.uk
Page 116 of 314
Made with FlippingBook - Online magazine maker