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.