cars

Following on from the news that the advisory electric rate (AER) of reimbursement will be raised from 5 pence per mile to 8ppm, HM Revenue & Customs have now published the company car advisory fuel rates (AFR) from 1 December 2022.

For petrol cars with an engine size of 1400cc or less, the rate has gone down to 14 pence per mile (ppm), 1401cc to 2000cc has gone down to 17ppm, and over 2000cc has decreased to 26ppm.

LPG rates have all increased by 1ppm, to 10ppm, 12ppm and 18ppm respectively.

The rates for diesel have remained the same: 14ppm for engine size of 1600cc or less, 17ppm for 1601cc to 2000cc and 22ppm for over 2000cc.

Hybrid cars are treated as either petrol or diesel cars for AFR purposes.

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