Error parsing XSLT file: \xslt\FacebookOpenGraph.xslt Minimal changes as new AFR rates are announced
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Minimal changes as new AFR rates are announced

Date: 05 March 2012   |   Author:

HM Revenue & Customs has confirmed the latest advisory fuel rates for drivers claiming work mileage in company cars, or repaying private miles to employers.

Reviewed every quarter, the new rates are valid from 1 March 2012, and see changes only to the diesel rates for cars of 1600cc or less and over 2000cc, with both rising by a penny per mile to 13p and 19p respectively.

All other rates remain static across petrol, diesel and LPG-powered vehicles compared with the last review in late November, with the next due in late May.

The fuel price used by HMRC to calculate the rates was 135.2p for petrol cars and 143.2p for diesels, which compares with the current average of 135.1p and 143.4p per litre respectively, according to Arval (see below).

Those figures are taken from the Department for Business, Innovation & Skills' prices, and HMRC also gives advice about what mpg drivers need to achieve to break even at the current rates, as long as fuel prices remain static.

They applied figures, adjusted downwards by 15% from the manufacturer's official figures, range from 18.9mpg for a LPG-powered vehicle over 2000cc up to 51.9mpg for a diesel of 1600cc or less.

For the full table of rates, go online to www.hmrc.gov.uk/cars/advisory_fuel_current.htm.

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