HMRC has issued details of the latest Advisory Fuel Rates (AFRs) for Company Cars which apply from 1 March 2019.
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.
The new rates are below (previous rate in brackets where there is a change):
Hybrid cars are treated as either petrol or diesel cars for this purpose.
Click here for details on how the rates are calculated
Advisory Electricity Rate
The Advisory Electricity Rate for fully electric cars is 4 pence per mile. Electricity is not a fuel for car fuel benefit purposes.
