HMRC calculates AFRs by using a combination of average fuel prices, a calculation of real-world mpgs achieved by engine size and fuel type to arrive at a pence per mile
Advisory Fuel Rates – or AFRs – are a way of reimbursing mileage incurred in a company car without incurring fuel benefit tax
BUSINESS travel data specialist TMC is urging companies to respond to a new HMRC consultation document that questions whether flat rate expenses for mileage and fuel such as Approved Mileage
BUSINESS travel data specialist TMC is urging companies to respond to a new HMRC consultation document that questions whether flat rate expenses for mileage and fuel such as Approved Mileage
COMPANY car mileage rates have been slashed by up to 18% as HMRC cut the tax allowance across all six of the petrol and diesel categories in response to continuing
Rising fuel costs outstrip Advisory Fuel Rates
NEW HMRC Advisory Fuel Rates for company cars from September do drivers no favoursEditor Ralph Morton reports
SEPTEMBER 2012:Fuel prices on the up; HMRC AFR rates on hold
JUNE 2012: New company car mileage rates
AUTHOR: RALPH MORTON Have you been lured by the low running costs of an electric car? No more filling up at the fuel station – just plug in and top up
Business Motoring is the motoring resource for small businesses and SME small fleets running company cars and business cars. We can help with questions about car leasing, company car tax, business mileage, writing down and leasing allowances, and all the other detail you need to know about running a car on the business. As well as this, we have the latest car news, company car taxation news and car reviews to help you make the right choice for your next company car, along with special car leasing offers to help you get the right business car leasing deal.
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