Fleet News

HMRC to issue new AFRs

Her Majesty’s Revenue and Customs (HMRC) has announced that it will be publishing new advisory fuel rates (AFRs) in light of rising pump prices.

It says the new figures will be revealed “shortly” and will take effect from March 1.

HMRC reviews AFRs every six months and the current rates, which were effective from December 1, 2010, were not due to be updated until June 1.

The average price of diesel was 123.7p per litre at the beginning of December and was 133.2p per litre last week – an increase of nearly 8%.
 


Click here for fuel and fuel cards best practice and procurement insight

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment

Comments

No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee