Advisory Fuel Rates for Company Cars and Private Vehicles on Business Use
The latest Advisory Fuel Rates (AFR) for company car drivers come into effect from the 1st December and rates are changed slightly from September with increases in both the Petrol and LPG rates for larger engine sizes.
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The advisory electricity rate (AER) for plug-in cars remains unchanged at 4ppm after being newly introduced in September. Hybrid and Plug-in hybrid company cars will continue to be treated as either petrol or diesel models for mileage reimbursement purposes.
Please take a look at our brief guide to AFR's which includes details of the new rates which come into effect from 1st December. This guide shows the new rates, how these rates are used and the steps businesses need to take to ensure compliance with HMRC.
The new advisory rate for Pure Electric vehicles means its now easier for businesses to offer Electric Vehicles on their Fleet as the Total Cost of Ownership (TCO) is simple to calculate so Electric Vehicle Leasing is a great option to reduce Fleet costs.
If you would like any further information about how these changes may impact you or your business don't hesitate to call us on 0330 056 3331 to speak to one of our Strategic Fleet Consultants.
We have a full range of Electric vehicles on lease, see below for the latest offers.
