HMRC will review the Advisory Fuel Rate (AFR) “shortly”, with the new rates applicable for all business journeys on and after 1st March 2011.The revision comes in a light of recent hikes in fuel prices, as HMRC confirms in a recent announcement, they will review the Advisory Fuel Rate (AFR) schedule "shortly", with the new rates applicable for all business journeys on and after 1st March 2011.
"In light of the recent level of increases in UK average fuel pump prices since 1st December 2010, HM Revenue & Customs will be publishing new advisory fuel rates shortly. These will take effect from 1st March 2011."
The new AFRs, with the old mileage rates in brackets are:
Engine size Petrol Diesel LPG
1400cc or less 14p (13p) 13p(12p) 10p (9p)
1401cc to 2000cc 16p (15p) 13p(12p) 12p (10p)
Over 2000cc 23p (21p) 16p(15p) 17p (15p)
Fleet manager’s trade association ACFO has heavily criticised the rates - paid to company car drivers to reimburse fuel used on work business - for being severely out of date and leaving drivers out of pocket. In her initial response to the news, ACFO chairman Julie Jenner identified that the work done by ACFO over an extended period has been highly significant in ensuring that the "official rates" will bear a closer relationship to the actual costs being incurred by many employees while driving on employer's business.
For advice or further information, contact Citylights Professional Payroll Services. Our details are below.
Other Payroll Updates
Sickness absence system to be reviewed
Independent review will look at changing the current sickness absence system and reducing the £100 billion ill health costs the economy each year.
The Prime Minister David Cameron has announced a review into sickness absence to be jointly chaired by David Frost, Director General of the British Chambers of Commerce and Dame Carol Black, National Director for Health and Work, the review will explore radical new ways on how the current system can be changed to help more people stay in work and reduce costs.
Additional funding for health and work programmes
Also announced today is an additional £12 million of funding for programmes including the Fit for Work System and Occupational Health Advice Line. Both have already proved highly successful in providing support for both employers and individuals in the early stages of sickness absence.
Fit for Work Services bring together support such as healthcare, employment, skills, housing and debt advice, and will benefit employers, employees, and in turn the taxpayer by reducing pressure on general practice and other health-related services.
The national Occupational Health Advice lines are valued by employers and provide practical occupational health advice for small and medium-sized businesses on handling individual employee health problems at work.
For the Citylights Professional Payroll Services newsletter readers, if you need any further information or you also are facing the same problems which are mentioned above, please visit Citylights Professional Payroll Services website, or contact us - our details are below.
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Scott Muller
Managing Director
Tel 0844 576 33 08
Fax 0844 556 12 72
Email: scott@citylightspps.com
Citylights Professional Payroll Solutions Ltd
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