New Advisory Fuel Rates Announced by HMRC
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.
|1400cc or less||15p||10p|
|1401cc to 2000cc||18p||11p|
|1600cc or less||
|1601cc to 2000cc||
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.