It is still possible to continue to use the previous rates up to June 30th, however these new rates are in place until the next review to come into play from September 1st and can be used to reimburse company car drivers for business fuel, and if employees are required to repay the cost of fuel used for private travel.
An easy way to keep your clients up to date automatically with these sorts of changes is through your own branded App. The clients of our MyFirmsApp customers received the above information a few weeks ago via a push notification to their mobile, which we sent out on the behalf of their accountant. This ensured clients of our customers were informed of the changes straight away, and their accountant didn’t need to do anything – we sent the message for them! The MyFirmsApp App platform provides fully maintained and updated tax rates, including Mileage and Fuel Allowance, and provides current and historic rates and thresholds across a wide area of tax.
From Income Tax Rates and Allowances to National Insurance Contributions, Inheritance Tax and VAT, they are all managed and updated in the App so your clients can find the answers they need daily – saving both you and them time and money.
To accompany the fuel rates, the automated GPS Mileage Tracker feature allows your clients to track all their business journeys and mileage thanks to state-of-the-art automatic tracking. Each journey is tracked accurately, logged in the App and ready for them to export to you and further digitalise their record keeping and set them on the right path ahead of MTD.
Follow the link below to find out more about having your own App for your firm.