Payroll: need to know (Latest version)

27 May 2021

Company car advisory fuel rates that apply from 1 June 2021 have been published.

HMRC has issued details of the latest Advisory Fuel Rates (AFRs) for Company Cars. Rates are to be applied from 1 June 2021.

For one month from the date of change, employers may use either the previous or new current rates, as they choose. Employers may therefore make or require supplementary payments if they so wish but are under no obligation to do either.

The new rates are below (previous rate in brackets where there is a change):

Engine size

Petrol

LPG

1400cc or less

11p (10p)

8p (7p)

1401cc to 2000cc

13p (12p)

9p (8p)

Over 2000cc

19p (18p)

14p (12p)

Engine size

Diesel

1600cc or less

9p

1601cc to 2000cc

11p

Over 2000cc

13p (12p)

Hybrid cars are treated as either petrol or diesel cars for this purpose.

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Government News

Further Treasury Direction published in relation to the SEISS 15 April 2021

HM Treasury published a further Treasury Direction and minor correction piece in relation to the fourth grant that will be available under the Self-Employment Income Support Scheme (SEISS).

Claims can be submitted from late April and will cover the periods of February, March and April. Workers who meet the qualifying criteria can claim 80% of average monthly profits, capped at £2,500 per month. The payment will be made in one lumpsum, so the maximum that can be received will be £7,500.

The document discusses:

Introductory provisions

• • • •

Eligibility

SEISS 4 payments General elements

The document also confirms that claims for the fourth grant must be submitted by no later than 1 June 2021.

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The Chartered Institute of Payroll Professionals

Payroll: need to know

cipp.org.uk

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