The latest Advisory Fuel Rates (AFR) for company car drivers come into effect from the 1st September.
After a long time coming it is pleasing to see that HMRC has now introduced an advisory fuel rate for pure electric company cars at 4 pence per mile. The new rate for electric cars is called the Advisory Electricity Rate (AER).
Hybrid and Plug-in hybrid company cars will continue to be treated as either petrol or diesel models for mileage reimbursement purposes.
Please take a look at our brief guide to AFR's which includes details of the new rates which come into effect from 1st September.
If you would like any further information about how these changes may impact you or your business don't hesitate to call us on 0330 056 3335 to speak to one of our consultants.