
Advisory fuel rates rise but electric rate cut again
New Advisory Fuel Rates from HMRC will see suggested reimbursements to company drivers of combustion-engined cars rise, but for those driving electric cars cut.
New Advisory Fuel Rates from HMRC will see suggested reimbursements to company drivers of combustion-engined cars rise, but for those driving electric cars cut.
The name for the payment rate – which is tax-free by the way – is called the Approved Mileage Allowance Payment (which you might see shortened to AMAP). It is
Calculator has been created by AFP member David Watts of Volkswagen Financial Services Fleet and plans are underway to make the data it produces widely available across the membership body.
AFP and the British Vehicle Rental and Leasing Association had been lobbying HMRC for an increase for some weeks and it has now been increased to five pence per mile,
AER specified by HMRC is just 4ppm which, said Paul Hollick, AFP chair, completely fails to cover reimbursement of fuel costs when most individuals are now paying closer to an
HMRC has finally released official business mileage rates for fully electric cars. This is known as the Advisory Electricity Rate or AER
EVs are to get Advisory Fuel Rates from September 01, 2018 following pressure from ACFO to recognise electricity as a ‘fuel’
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