Vehicle Leasing News | Our Blog
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Alteration to Advisory Fuel Rates for business drivers
Published
30th Sep 2020
There are a new set of Advisory Fuel Rates for use from the beginning of September 2020.
The Advisory Fuel Rates (AFRs), issued by HRMC , are used by company car drivers claiming fuel costs to ensure they do not pay benefit in kind tax on company provided fuel, or to claim fuel expenses for business mileage. While most rates have remained static, ...
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Change to the Advisory Fuel Rates
Published
4th Jun 2020
For fleets and business drivers going back to work following the COVID-19 lockdown period, a reminder that the Advisory Fuel Rates changed at the beginning of June.
The new rates are lower than before to reflect the falling price of fuel at the pumps. The rates are used by organisations to reimburse employees for business mileage undertaken in the ...
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Everything you need to know about the new VED rates
Published
11th Mar 2020
If you're currently wondering which car to choose for your next lease we have a little bit of advice. What we'd like you to do is go to a cash machine, draw out £500, and throw it away. That's right, just chuck it in the nearest bin and walk away. That's effectively what you could be doing if you haven't got your head around the new VED rates that ...
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New company car tax rates boost business leasing appeal
Published
1st Aug 2019
After much twiddling of thumbs and generally ignoring the cries for clarity, the government has finally revealed its plans for company car tax.
And it's largely good news. The move will benefit just under a million company car drivers. Those with vehicles registered before April 06, 2020, will see their company car tax bands frozen at the 2020/21 ...
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Autumn Budget Brings Mixed Fortunes For Business Users
Published
14th Dec 2017
AMIDST the Brexit furore over divorce bills, open borders, and the like, the impact of the Chancellor's Autumn Budget may have slipped under the radar, especially as it relates to business users.
The headline news, the continued freeze on Fuel Duty, is welcome but given the current cost per litre the Chancellor probably had little choice in the ma ...
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Vehicle Excise Duty Changes: How To Get Your New Vehicle and Save Substantially On Tax
Published
13th Jan 2017
The way in which Vehicle Excise Duty (VED) will be calculated for new vehicles first registered on or after 1st April 2017 will change following the 2016 budget announcement. For some vehicles this could see the running cost increase substantially and this article aims to make you aware of how you can order a new vehicle soon and pay VED at the exi ...
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