employee Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/employee/ Chartered Accountants & Business Advisors Thu, 06 Jun 2024 20:03:03 +0000 en-GB hourly 1 https://wordpress.org/?v=7.1.3 https://www.wrloaccountants.co.uk/wp-content/uploads/2018/01/cropped-WRLO-logo-big-32x32.jpg employee Archives - WRLO Accountants https://www.wrloaccountants.co.uk/tag/employee/ 32 32 Advisory fuel rates for company cars https://www.wrloaccountants.co.uk/advisory-fuel-rates-for-company-cars-4/ Thu, 06 Jun 2024 20:03:02 +0000 https://www.wrloaccountants.co.uk/?p=4094 New company car advisory fuel rates have been published and took effect from 1 June 2024. The guidance states: ‘you can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car. The advisory fuel rates for journeys undertaken on or after 1 June 2024 are: Engine size Petrol 1400cc or less 14p 1401cc – 2000cc 16p Over 2000cc 26p Engine size Diesel 1600cc or less 13p 1601cc – 2000cc 15p Over 2000cc 20p Engine size LPG 1400cc or less 11p 1401cc – 2000cc 13p Over 2000cc 21p HMRC guidance states that the rates only apply when you either: reimburse employees for business travel in their company cars require employees to repay the cost of fuel used for private travel. You must not use these rates in any other circumstances. The Advisory Electricity Rate for fully electric cars is 8p per mile.  If you would like to discuss your company car policy, please contact us. Internet link: GOV.UK AFR

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]]> Latest guidance for employers https://www.wrloaccountants.co.uk/latest-guidance-for-employers-5/ Fri, 03 May 2024 09:46:20 +0000 https://www.wrloaccountants.co.uk/?p=4069 HMRC has published the latest issue of the Employer Bulletin. The March issue has information on various topics, including: PAYE Settlement Agreement payment reporting expenses and benefits for the tax year ending 5 April 2024 mandating the payrolling of benefits in kind from April 2026 PAYE tax calculator basis period reform — reporting on a tax year basis claiming tax relief on work related expenses — don’t get caught out by bad tax advice. Please contact us for help with tax matters. Internet link: Employer Bulletin

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