HMRC has updated its company car Advisory Fuel Rates (AFRs) with effect from 1 December 2015. The new rates apply from that date, though employers do have an option of retaining the previous rates for one further month i.e. until 1 January 2016 if they prefer.
The new rates are shown below.
|1400cc or less||11p||7p||9p|
|1,401 cc to 1,600cc||13p||9p||9p|
|1,601cc to 2000cc||13p||9p||11p|
Note: HMRC normally reviews AFRs on a quarterly basis, and these slight reductions to the previous rates are intended to reflect recent trends in fuel prices.