💨 Abstract
HMRC has updated the Advisory Fuel Rates (AFRs) for business mileage. Petrol and diesel rates have been reduced, which may cut costs for companies but result in less reimbursement for drivers. For example, petrol cars between 1.4-2 litres now get 14p per mile, down from 15p. Diesel rates under 1.6 litres dropped from 12p to 11p.
Courtesy: www.thesun.co.uk
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