Advisory Fuel Rates from March 2015
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:
|1400cc or less||11p||8p|
|1401cc to 2000cc||13p||10p|
|1600cc or less||9p|
|1601cc to 2000cc||11p|