"Advisory Fuel Rates play an important role in managing the costs associated with company car use. These rates, reviewed quarterly by HMRC, provide a standardised framework for reimbursing employees for business travel or calculating repayments for private fuel use.
“Petrol cars, varying in engine sizes, will now be subject to rates ranging from 14p to 26p per mile, while LPG cars will incur rates between 11p and 21p per mile. Diesel cars, categorised by engine size, will have rates ranging from 13p to 20p per mile.
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