AFR rate freeze re-emphasises need for fuel claims review
The latest rates, used to reimburse company car drivers for corporate mileage, are effective from 1 December and valid for three months.
Petrol and diesel rates have been frozen for the last six months now, leading one mileage audit firm to already issue advice to fleets to reconsider their fuel claims policy.
Paul Jackson of TMC said that firms should bear in mind that AFRs are only meant to be a convenient guideline and that many fleets are finding it better in practice to settle claims on an actual cost basis.
The latest AFR rates are:
Petrol:
1400cc or less 15p
1401cc to 2000cc 18p
Over 2000cc 26p
Diesel:
1600cc or less 12p
1601cc to 2000cc 15p
Over 2000cc 18p
LPG:
1400cc or less 11p
1401cc to 2000cc 13p
Over 2000cc 18p
Natalie Middleton
Natalie has worked as a fleet journalist for over 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day.
