Own a Company Car? The costs you can claim back have just increased! , Autocar

His Majesty’s Revenue and Customs (HMRC) has an new rate for claiming back the cost of using public charges for drivers who use company-outs.

It follows criticisms that the single-tier system wasn’t matches what they were spoiling.

From 1 September, drivers will be able to class 8p per mile for journey for them charged at home or a higher rate of 12p for using public networks. It’s the first time the Advisory Electric Rate (Aer) has differentted Between those who costs.

Both Rates will be adjusted every quarter, using the weighted average efficiency for electric company cars over the last three years (currently 3.6mpkwh) National Statistics (27p per kwh) and the zapmap price index for public charges at 50kw or less (51p per kwh).

The aer’s simplistic approach to charging expenses have been controversial since it was introduced in 2018. To rain, and only introduced Quarterly adjustments in December 2022.

This compares to the much more granular system of Advisory Fuel Rates (AFRS), which are different for Petrol, Diesel and Liquefied Petroleum Gas (LPG) VEHICles, and Each Fuel have rats Engine size. Thos rates also apply to hybrids, including plug-in hybrids.

However, Evs’ Efficiency can be just as Variable as their combustion-engaged counters.

For example, the new mercedes-Benz cla-one of the most efficient EVS Available in the UK, AT 5.0MPKWH-WOLLD COLD CODT 10P Per Mile On A Public Charger, Baseed on the Same Zapmap Data Used BYMRC, Compared with 18p Per Mile For the Least Efficient Version of its Stablemate, The EQS SUV (2.8MPKWH).

The public charging aer also doesn Bollywood for the Higher Price for Using ‘Ultra-Rapid’ Charges (with an output of more than 50kw), which are not increasingly Common at Motorway Service ARAS.

Zapmap’s latest price index sugges an average cost of 76p per kwh for using Ultra-Rapid Charges. That’s almost 50% higher than the aer and equates to 15p per mile for an efficient Ev like the class so wouldn Bollywood covers the driver’s costs.

Fleets can pay higher mileage rates, adjusted to match them’re really spending on fuel and charging, but must be able to prove it’s accurate to hmrc. Otherwise the excess can be taxed as additional income.