Search
Close this search box.
Sign up for our weekly Newsletter

Are you using the latest pence per mile AFR figures for your company cars?

201_Woman_Filling_Up_With_Fuel_landscape

Share

10 January 2014

AFR_and_AMAP
AFRs have dropped slightly from December 1. You should start using the new rates from January 1 – HMRC allows a 1 month change-over

THE latest official pence per mile figures were announced from 1 December 2013.

And if you run an SME small fleet and haven’t started using them yet, then you should from the beginning of January – HMRC allows employees to use the old rates for one month from the changeover date if required.

The pence per mile figures are for company car drivers to either claim business mileage or reimburse private mileage when all fuel is paid for – such as when companies issue all company car drivers with a fuel card.

Know as Advisory Fuel Rates or AFRs, company car drivers can avoid paying tax on free fuel  by using AFRs.

The new company car business mileage rates are listed below.

 

Petrol: New company car business mileage Advisory Fuel Rates from 01 December 2013

  • Engine size 1400cc or less: 14p down from 15p
  • 1401cc to 2000cc: 16p – down from 18p
  • Over 2000cc: 24p – down from 26p

 

Diesel: New company car business mileage Advisory Fuel Rates from 01 December 2013

  • Engine size 1600cc or less: 12p
  • 1601cc to 2000cc: 14p – down from 15p
  • Over 2000cc: 17p – down from 18p

 

Share this article

Facebook
Twitter
LinkedIn
WhatsApp
Reddit
Email

Want more motoring news?

Sign up here for our free weekly serving of motoring.

Sign up here for our free weekly serving of motoring.

Matt Morton

Matt Morton

Matt Morton is an automotive content writer for Business Car Manager

Latest news

Top