HMRC has published new Advisory Fuel Rates (afrs) effective from Tuesday (June 1) for company car drivers claiming back fuel costs from their employer.
There are changes to petrol, diesel and LPG pence per mile (PPM) rates.
The diesel rate for company cars with a engine size of more than 2,000cc increases by 1ppm, from 12ppm to 13ppm. The AFR rates for diesel cars up to 1,600cc and from 1,601-2,000cc remain unchanged at 9ppm and 11ppm, respectively.
For petrol company cars, all three rates have increased by 1ppm, meaning the AFR rate for vehicles up to 1,400cc is 11ppm, while cars with an engine of 1,401-2,000cc and more than 2,000cc have a rate of 13ppm and 19ppm, respectively.
All fuel rates have also been increased for LPG-powered vehicles. The new LPG reimbursement rate for vehicles up to 1,400cc is 8ppm, up from 7ppm, and 9ppm for vehicles with an engine size of 1,401-2,000cc, up from 8ppm. The AFR rate for LPG vehicles with an engine greater than 2,000cc increases 2ppm, from 12ppm to 14ppm.
Hybrid cars are treated as either petrol or diesel cars for AFR purposes.
The advisory electricity rate (AER) for plug-in cars remains unchanged at 4ppm.
*Article Source www.HMRC.co.uk