Company Cars: Advisory Fuel Rates from 1 September 2018
Company Cars: Advisory Fuel Rates (AFRs): Use Advisory Fuel Rates (AFRs) to work out mileage costs if you provide company cars to your employees.
These Company Cars: Advisory Fuel Rates (AFRs), only apply to employees using a company car.
These rates apply from 1 September 2018. You can use the previous rates for up to one month from the date the new rates apply.
The Advisory Electricity Rate for fully electric cars is 4 pence per mile.Hybrid cars are treated as either petrol or diesel cars for this purpose.
Advisory Electricity Rate
Electricity is not a fuel for car fuel benefit purposes.
Employee vehicles: Mileage Allowance Payments (MAPs)
MAPs are what you pay your employees for using their own vehicle for business journeys.
You can pay your employees an approved amount of MAPs each year without having to report them to HMRC. To work out the approved amount, multiply your employee’s business travel miles for the year by the rate per mile for their vehicle.
Source:NB: Employee vehicles Mileage Allowance Payments (MAPs) are updated annually by HMRC
HMRC: Click here for more information Find out more about reporting and paying MAPs.
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