New Advisory Fuel Rates Announced by HMRC

New Advisory Fuel Rates Announced by HMRC

20130830 blue fuel

by: Ben Davies

H M Revenue and Customs have released the new Advisory Fuel Rates (AFRs) to be used from 1 September 2013 until further notice.

Engine Size Petrol LPG
1400cc or less 15p 10p
1401cc to 2000cc 18p 11p
Over 2000cc 26p 16p

 

Engine Size

Diesel

1600cc or less

12p

1601cc to 2000cc

15p

Over 2000cc

18p

The AFRs are used where an employee is reimbursed for business mileage travelled in a company car.

Theses rates are usually reviewed four times a year and the most up to date rates can be found on the H M Revenue & Custom’s website at http://www.hmrc.gov.uk/cars/advisory_fuel_current.htm

Contact our tax department for further details.