HMRC has updated the Advisory Fuel Rates (AFRs) which apply from 1st March 2018.
AFRs apply when employees are reimbursed for business travel in their company cars, or where they are required to repay the cost of fuel used for private travel.
The following table shows the new rates as well as the previous rates in brackets. There has been an increase to petrol vehicles over 2000cc by a penny, and the two larger LPG categories have decreased by a penny. All other rates remain the same.
|Engine size||Petrol – amount per mile||LPG – amount per mile|
|1400cc or less||11 pence (11p)||7 pence (7p)|
|1401cc to 2000cc||14 pence (14p)||8 pence (9p)|
|Over 2000cc||22 pence (21p)||13 pence (14p)|
|Engine size||Diesel – amount per mile|
|1600cc or less||9 pence (9p)|
|1601cc to 2000cc||11 pence (11p)|
|Over 2000cc||13 pence (13p)|
Hybrid cars are treated as either petrol or diesel cars for this purpose