New Advisory Fuel Rates (AFRs) have been published by HMRC for company car drivers claiming back fuel costs from their employer. The new fuel reimbursement rates, which come into force from Friday (December 1), include several changes. The advisory electricity rate (AER), used to reimburse drivers of electric company cars, has been cut by 1 pence per mile (ppm), from 10-9ppm, after being increased during the last quarterly review. Elsewhere, the diesel AFR rate for company cars with an engine size of more than 2,000cc is increased by 1ppm, from 19-20ppm; the AFR for diesel cars up to 1,600cc has also been increased by 1ppm, from 12-13ppm, and the rate for diesel vehicles with an engine from 1,601-2,000cc increases by the same amount, from 14-15ppm. Two of the rates for petrol company cars have also increased. The AFR for petrol vehicles up to 1,400cc increases from 13-14ppm, and for vehicles with a petrol engine over 2,000cc, it has been raised from 25-26ppm. For petrol company cars from 1,401-2,000cc, it remains the same at 16ppm, The rate for LPG vehicles up to 1,400cc remains the same at 10ppm, and at 12ppm for vehicles with an engine size of 1,401-2,000cc. LPG vehicles with an engine greater than 2,000cc see a 1ppm reduction, from 19-18ppm. Hybrid cars are treated as either petrol or diesel cars for AFR purposes.
Full tables available Here
