New rates. Updated advisory fuel rates (AFRs) from 1 March 2022 for fuel costs when using company cars. Engine Size Electric per mile Petrol per mile LPG per mile Diesel per mile 1,400cc or less – 13p 8p – 1,401cc to2,000cc – 15p 10p – Over 2,000cc – 22p 15p 1,600cc or less – – – 11p 1,601cc to 2,000cc – – – 13p Over 2,000cc – – – 16p Hybrid cars are treated as either petrol or diesel
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23 March is the date set for the mid-year Spring Statement, being delivered by the chancellor Rishi Sunak. What, if anything, can we expect? UK families are facing the worst cost-of-living crisis for decades and we need Rishi to do more to help, and not just those on benefits. The forgotten employed that are earning “just enough” but don’t qualify for benefits. It appears that he is under pressure to abandon the 1.25% increase to NI rates but realistically, if spent in the right way, is needed by the NHS. I’m skeptical that it will be spent increasing the number
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We like to keep our clients as informed as much as possible in the ever changing world of taxes and business administration, in this Newsletter Volume 4 we cover the following: Statutory Sick Pay Rebate Scheme Our 2022 news Say hello to Making Tax Digital for VAT Charitable endeavours If you have any questions or we can help you with anything, please contact us and we’ll be happy to have a chat, even if you aren’t a client. *Click the link to access the newsletter. It will download as a pdf.
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