This change could affect how much motorists pay to stay on the road and whether they need to upgrade their vehicles. Advisory Fuel Rates, set by the government to assist businesses in reimbursing company car fuel costs, will see some adjustments. Martin Lewis' MoneySavingExpert (MSE) has issued a warning to all drivers of certain brands that they could miss out on thousands of pounds.
Due to the elimination of the added fuel benefit charge for employees using company cars for private travel, advisory rates won't be necessary if employees cover the full cost of private fuel costs by repaying at a lower mileage rate. Despite minor adjustments in September for specific engine sizes, rates have historically decreased, leading to lower payments for company car usage. Rates for petrol cars and diesel cars have been adjusted, while LPG fuelled cars remain unchanged