HMRC changes advisory fuel rates
26 February 2024
The latest quarterly review of advisory fuel rates by HMRC has seen changes to the amounts of fuel costs that company car drivers can claim back from their employer.
Industry calls for an increase in advisory fuel rates for EVs
2 September 2022
Due to soaring energy prices, October’s price cap will see electricity in the home rise to 52p per kWh and the daily standing charge up to 46p. Some public chargers
AER increase for EVs is a win
25 November 2021
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,
HMRC announces new Advisory Fuel Rates
28 February 2020
Advisory Fuel Rates are a method of paying – or reimbursing – expenditure on fuel without incurring fuel benefit tax.
What you should know about fuel benefit tax
31 January 2020
Advisory Fuel Rates apply when you either reimburse employees for business travel in their company cars or when you require employees to repay the cost of fuel used for private
Advisory fuel rates – are you applying them correctly?
23 October 2019
HMRC calculates AFRs by using a combination of average fuel prices, a calculation of real-world mpgs achieved by engine size and fuel type to arrive at a pence per mile
TMC challenges new fuel rates
8 April 2019
Many company car drivers aren’t recuperating their full fuel costs, which is reflected in a poll of fleet managers taken last month, that found three-quarters of respondents don’t think the
What are business mileage rates for hybrid cars?
29 August 2018
Find out what fuel reimbursement rates to use for business mileage in a hybrid car using the HMRC Advisory Fuel Rates to avoid paying car fuel benefit tax
Electric car business mileage rates
29 August 2018
HMRC has finally released official business mileage rates for fully electric cars. This is known as the Advisory Electricity Rate or AER
What are Advisory Fuel Rates (AFRs)?
31 July 2018
Advisory Fuel Rates – or AFRs – are a way of reimbursing mileage incurred in a company car without incurring fuel benefit tax
Are you getting the right mileage rates?
16 July 2018
HMRC has announced the latest Advisory Fuel Rates for company cars. These can be used from September 2018 to avoid car fuel benefit tax
ACFO launches petition for HMRC advisory fuel rates for electric cars
1 May 2018
ACFO has launched a petition requesting HMRC publishes Advisory Fuel Rates for plug-in cars. Currently there are no defined mileage reimbursement rates for 100% electric vehicles, range extended electric vehicles,
Make the most of cheap fuel – and beware the M-way premium
7 March 2016
BUSINESS drivers and motorists should make the most of petrol and diesel being around the £1 mark while it lasts – RAC Fuel Watch says make the most of cheap fuel as the
Falling cost of petrol hits company car business mileage rates
1 December 2015
CHEAPER prices at UK pumps have given HMRC the excuse to cut company car business mileage rates by 1p for larger petrol and LPG engine categories. Diesels, which took the hit in
HMRC cuts company car mileage fuel rates
5 December 2014
FALLING pump prices have seen HMRC cut company car mileage fuel rates across three of the six petrol and diesel categories. The company car mileage fuel rates, known as
Diesel business mileage rates cut
30 August 2014
Diesel business mileage rates Effective 1 September Cut hits sub 2.0-litre diesel company cars 1p rate reduction DIESEL company car drivers look away now: changes
HMRC releases company car business mileage rates for June use onwards
11 June 2014
IF you’ve noticed that fuel prices have remained relatively stable, then you’re not alone. So has HMRC. Which means that the latest company car mileage rates – known as advisory fuel
One change in latest company car business mileage rates
28 February 2014
HMRC has just announced its latest quarterly review of advisory fuel rates (AFR). They take effect from March 1 2014. Company car drivers and business car managers should use these
Are you using the latest pence per mile AFR figures for your company cars?
10 January 2014
THE latest official pence per mile figures were announced from 1 December 2013. And if you run an SME small fleet and haven’t started using them yet, then you should
New company car mileage rates from March
27 February 2013
HMRC has announced new company car mileage rates to be used from March 01, 2013. The new company car mileage rates (known as Advisory Fuel Rates, or AFRs) can be
