Changes to Advisory Fuel Rates
4th April 2024
Changes to Advisory Fuel Rates – With effect from 1 March 2024, although previous rates can still be used for up to one month after the 1 March. However, the volatility of the price of fuel on the world markets can mean that these rates are already outdated. It is advised to keep monitoring the rates HMRC publish on a regular basis.
Advisory rates for fully electric cars have also risen from 8 pence to 9 pence from the same date. In line with all other advisory rates, moving forward these will be reviewed on a quarterly basis. Hybrid cars are treated as either petrol or diesel for advisory rates.
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Contact your local Whitings office today for more information or advice on Payroll or Advisory Fuel Rates.
