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 sizePetrolLPG
1400cc or less11p8p
1401cc to 2000cc13p10p
Over 2000cc20p14p
Engine sizeDiesel
1600cc or less9p
1601cc to 2000cc11p
Over 2000cc14p
By |March 2nd, 2015|Categories: Driving, Fleet, Vehicles|Comments Off on Company car mileage rates substantially reduced