HMRC has released its latest advisory fuel rates (AFRs), which come into force from 1 March 2018.
The rates are used for reimbursing employees for business travel in their company cars or when employers require repayment of fuel costs for private use.
There are three changes:
• 1p per mile increase for petrol-engined vehicles over 2,000cc
• 1p per mile decrease for LPG vehicles between 1,401cc and 2,000cc
• 1p per mile decrease for LPG vehicles above 2,000cc.
All other rates are unchanged.