Company car mileage rates substantially reduced

  • advisory fuel rates

Advisory Fuel Rates from March 2015

Click here for June 2015 Advisory Fuel Rates

HM Revenue and Customs (HMRC) has announced the Advisory Fuel Rates (AFRs) for the three month period beginning 1 March 2015.

In response to continued falling fuel prices, rates have been cut by up 18.75%, with reductions being made across all fuel types and for all engine size vehicles.

These AFRs, which organisations use to reimburse drivers for fuel used on business journeys, take effect from 1st March 2015, although organisations can use the previous rates for up to 1 month from the date the new rates apply.

The new March 2015 rates are:

Engine size Petrol LPG
1400cc or less 11p 8p
1401cc to 2000cc 13p 10p
Over 2000cc 20p 14p
Engine size Diesel
1600cc or less 9p
1601cc to 2000cc 11p
Over 2000cc 14p

 

By |March 2nd, 2015|Categories: Driving, Fleet, Vehicles|Comments Off on Company car mileage rates substantially reduced