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HMRC announces new AFR rates

The new rates see 1p increases for diesel engines of 1600cc or less and 1601 to 2000cc whilst the rate for diesel engines over 2000cc remains the same. 

Petrol rates see a 1p rise for engines of 1400cc or less and those over 2000cc but a 1p drop for engines of 1401cc to 2000cc.

LPG rates remain the same for engines of 1400cc or less and over 2000cc with a 1p drop for engines of 1401cc to 2000cc.

 

The new AFR figures (old ones in brackets) are:

Engine size

Petrol

LPG

1400cc or less

12p (11p)

8p (8p)

1401cc to 2000cc

12p (13p)

9p (10p)

Over 2000cc

21p (20p)

14p (14p)

 

Engine size

Diesel

1600cc or less

10p (9p)

1601cc to 2000cc

12p (11p)

Over 2000cc

14p (14p)

Hybrid cars are treated as either petrol or diesel cars for this purpose.

Fleets can use the previous rates for up to one month from the date the new rates apply.

To use the Fleet World CO2 and Fuel Consumption Calculator web tool to find the cars with the lowest fuel costs, click here.

For more of the latest industry news, click here.

HMRC announces new AFR rates

By / 11 years ago / Latest News / No Comments

The rates can be used to reimburse company car drivers for business mileage. Under the latest changes, there’s a 1p increase in the rates that can be claimed for mid-size and large-engined petrol vehicles, taking the rates back pre-summer levels. There’s also a 1p increase for mid-size diesel vehicles. LPG rates decrease by 1p for mid-size and large-engined vehicles.

 

The latest rates (old ones in brackets) are:

Engine size

Petrol

LPG

1400cc or less

15p (15p)

10p (10p)

1401cc to 2000cc

18p (17p)

11p (12p)

Over 2000cc

26p (25p)

16p (18p)

 

Engine size

Diesel

1600cc or less

12p (12p)

1601cc to 2000cc

15p (14p)

Over 2000cc

18p (18p)

Hybrid cars are treated as either petrol or diesel cars for this purpose.

 

These rates are calculated from the fuel prices in the tables below:

Petrol

Engine size (cc)

Mean

MPG

Applied

MPG

Fuel price

(per litre)

 

Fuel price

(per gallon)

Pence

per mile

AFR

up to 1400

 49.07  41.7  137.0  622.8  14.9

15

1401 – 2000

 41.17  35.0  137.0  622.8  17.8

18

over 2000

 28.41  24.1  137.0  622.8  25.8

26

Diesel

Engine size

(cc)

Mean

MPG

Applied

MPG

Fuel price

(per litre)

Fuel price

(per gallon)

Pence

per mile

AFR

Up to 1600

 61.28  52.1  141.7  644.3  12.4

12

1601 to 2000

 51.53  43.8 141.7   644.3  14.7

15

Over 2000

 42.03 35.7   141.7  644.3  18.0

18

LPG

Engine size

(cc)

Mean

MPG

Applied

MPG

Fuel price

(per litre)

Fuel price

(per gallon)

Pence

per mile

AFR

up to 1400

 39.3 33.4   69.8  317.3  9.5

10

1401 – 2000

 32.9  28.0  69.8  317.3  11.3

11

over 2000

 22.7  19.3  69.8  317.3  16.4

16

 

These rates apply to all journeys on or after 1 September 2013 until further notice. For one month from the date of change, employers may use either the previous or new current rates, as they choose. Employers may therefore make or require supplementary payments if they so wish, but are under no obligation to do either.

HMRC will also accept the figures in the table for VAT purposes though employers will need to retain receipts in line with current legislation.

The rates will be reviewed again prior to the next quarter, with any changes taking effect on 1st December

For more of the latest industry news, click here.

HMRC announces new AFR rates

By / 14 years ago / Latest News / No Comments

Engine size              Petrol       Diesel      LPG

1400cc or less          12p          11p         8p

1401cc to 2000cc      15p         11p        10p

Over 2000cc             21p         16p        14p

The latest rates show some increases for petrol engines of all sizes, with the rate having gone up 1p here. The rates for LPG engines of all sizes have also gone up, by between 1 and 2p. However, in the case of diesels, it is only the larger engines over 2000c that have gained an increase.

HMRC adds that 'Employers may therefore make or require supplementary payments if they so wish, but are under no obligation to do either.'

The new rates are effective until 30 November 2010. For one month from the date of change, employers may use either the previous or new current rates, as they choose.

For more of the latest industry news, click here.

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