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HMRC Makes Changes to Advisory Fuel Rates from December

HMRC has published new Advisory Fuel Rates (AFRs) effective from December 1st for company car drivers claiming back fuel costs from their employer. Petrol rates have been reduced, after the average cost of the fuel fell from 174.2-164.4p per litre (ppl), while diesel...

HMRC Increases Advisory Electricity Rate

HMRC has announced that the advisory electricity rate (AER) will increase from 5ppm to 8ppm from December 1st. The rate, used to reimburse drivers with electric company car, will also now be reviewed quarterly in line with advisory fuel rates (AFRs). The move will be...

What does the high inflation rate mean for small businesses?

Key Points ▪︎ Businesses are affected by supply pressures as they pay more to buy materials and products ▪︎ Wages can increase as employees ask to be paid more to compensate for increasing inflation The UK is experiencing a high rate of inflation. What is inflation...