HMRC has released its latest advisory fuel rates (AFRs) and Advisory Electric Rate (AER) this week, which will come into force from 1st December 2023.
Available at https://comcar.co.uk/taxpages/afrs/ the two of the AFRs for petrol rates have increased. Engines up to 1,400cc engine have increased by 1ppm (14ppm), whereas 1,400-2,000cc have remained the same (16ppm), and over 2,000cc has increased by 1ppm (26ppm).
Diesel rates have increased across all engine sizes by 1ppm. Up to 1,600cc (13ppm), 1,601-2,000c (15ppm) and engines over 2,000cc (20ppm).
AFRs for LPG-powered vehicles up to 1,400cc have stayed the same (10ppm), as well as engines between 1,401-2,000cc (12ppm). Engines over 2,000cc have decreased by 1ppm (18ppm).
Hybrid cars are treated as either petrol or diesel cars for AFR purposes.
The Advisory Electric Rate (AER) used to reimburse drivers of electric company cars, has been decreased by 1ppm (9ppm) after being increased to 10ppm during the last quarterly review.
