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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