HMRC has published new Advisory Fuel Rates (AFRs) effective from Thursday (September 1) for company car drivers claiming back fuel costs from their employer. The fuel reimbursement rates have been increased by up to 3p per mile (ppm), having been raised by a similar amount when they were last reviewed in June. The rates for petrol company cars have all increased, with the AFR for petrol vehicles up to 1,400cc now 15ppm, up from 14ppm. Petrol vehicles with an engine sized from 1,401-2,000cc also increase by 1ppm, from 17-18ppm, and those over 2,000cc increased by 2ppm, from 25-27ppm.It is a similar story with diesel rates. The diesel rate for company cars with a engine size of more than 2,000cc has been increased by 3ppm, from 19-22ppm, while the AFR rates for diesel cars up to 1,600cc increase from 13ppm to 14ppm.
The Editor’s View
