HMRC have issued the latest quarterly update to the company car advisory fuel rates for journeys on and after 1 December 2024. Rates for all petrol and diesel car bands have been reduced by one penny. Employers may therefore decide to continue to use the 1 September 2024 rates until 1 January 2025 (given the previous rates can always be used for up to one month from the date the new rates apply). The advisory electric rate for fully electric cars remains at 7p per mile.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
HMRC have issued the latest quarterly update to the company car advisory fuel rates for journeys on and after 1 December 2024. Rates for all petrol and diesel car bands have been reduced by one penny. Employers may therefore decide to continue to use the 1 September 2024 rates until 1 January 2025 (given the previous rates can always be used for up to one month from the date the new rates apply). The advisory electric rate for fully electric cars remains at 7p per mile.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
