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Advisory fuel rate for 100% electric cars to be introduced

Advisory fuel rate for 100% electric cars to be introduced

HMRC will introduce an advisory fuel rate (AFR) for pure electric cars from September 1 at 4 pence per mile (ppl).

AFRs apply where employers reimburse employees for business travel in their company cars, or require employees to repay the cost of fuel used for private travel. They are deemed to be tax and National Insurance-free. AFRs are reviewed quarterly and similarly, the new AER will be kept under review.

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