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The support Lang Bennetts have given us over the last 13 years has helped our business in a number of ways.

"They have also helped with new acquisitions that has allowed us to grow and expand our branch network across Cornwall, Devon, Dorset, Bristol, Somerset and Wiltshire."

Mark Mitchell, Cornwall Glass & Glazing

Advisory fuel rates reflect fall in oil prices

HMRC’s updated advisory fuel rates from 1 December 2014 see 1p reductions to the petrol rate for cars of 1400 cc or less and also for petrol cars over 2000cc, reflecting some of the fall in oil prices. There is a similar reduction for diesel cars over 2000cc. Other rates, including all the LPG rates, remain unchanged. The new rates are:

Engine size

Petrol

LPG

1400cc or less

13p

9p

1401cc to 2000cc

16p

11p

Over 2000cc

23p

16p

     

Engine size

Diesel

 

1600cc or less

11p

 

1601cc to 2000cc

13p

 

Over 2000cc

13p

 

 

Rates will be reviewed again on 1 March, although current rates can be used for a further month after then.

In this edition

Advisory fuel rates reflect fall in oil prices
autumn-statement-tax-announcements.cmspage
Autumn15.pdf
Coded out debt
Restrictive covenants on employment contracts
Spring
Summer 2015
The mansion tax debate continues
VAT and new rules for digital services
Winter2015MoneyMatters.pdf

This newsletter is for general information only and is not intended to be advice to any specific person. You are recommended to seek competent professional advice before taking or refraining from taking any action on the basis of the contents of this publication. The newsletter represents our understanding of law and HM Revenue & Customs practice as at 5 January 2015.