HMRC has published new ‘advisory fuel rates’ (AFR) for company cars, which apply to journeys from 1 December 2016.
To give employers time to change their systems, for journeys up to 31 December 2016 they may use either the old or the new rates.
|Engine size||Petrol – amount per mile||LPG – amount per mile|
|1400cc or less||11 pence||7 pence|
|1401cc to 2000cc||14 pence||9 pence|
|Over 2000cc||21 pence||13 pence|
|Engine size||Diesel – amount per mile|
|1600cc or less||9 pence|
|1601cc to 2000cc||11 pence|
|Over 2000cc||13 pence|
Just as a reminder, the rates are reviewed four times a year on 1 March, 1 June, 1 September and 1 December.
If you want to discuss, or require assistance, please call Lee Reynolds on 01788 539000.