HMRC Annouce New Business Fuel Rates
HMRC has announced new rates for company car drivers claiming
fuel for business mileage.
The new advisory
fuel rates (AFR) come into force on July 1, but the figures are announced a
month in advance to allow companies time to adjust their processes. However, the
new figures can be applied from now if companies wish to do so.
AFR rates from July 1, 2009
| Engine size |
|
Petrol |
|
Diesel |
| |
| 1,400cc or less |
|
10p (10p) |
|
10p (11p) |
| |
| 1,401-2,000cc |
|
12p (12p) |
|
10p (11p) |
| |
| Over 2,000cc |
|
18p (17p) |
|
13p (14p) |
Source: HMRC (previous figures in brackets)
The new figures are based on manufacturer
fuel economy claims, weighted by annual sales to businesses, and also on
figures adjusted downwards by 10% to take account of real-world driving
conditions, as well as latest petrol and diesel prices from the Department for
Business, Enterprise and Regulatory Reform.
AFR rates are now reviewed twice a year, on January 1 and July 1. The next
announcement of changes will be made at the beginning of December.
