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Dear administrator,
UK has recently advised of a change to the Company Car Fuel reimbursement rates, effective Mar 01, 2024.
Details can be found on:
https://www.gov.uk/guidance/advisory-fuel-rates
Summary of changes:
HMRC Advisory Fuel Rates for business mileage from 01 March 2024:
Engine size |
Petrol |
LPG |
|
Engine size |
Diesel |
1400cc or less |
13p (previously 14p) |
11p (previously 10p) |
|
1600cc or less |
12p (previously 13p) |
1401cc to 2000cc |
15p (previously 16p) |
13p (previously 12p) |
|
1601cc to 2000cc |
14p (previously 15p) |
Over 2000cc |
24p (previously 26p) |
21p (previously 18p) |
|
Over 2000cc |
19p (previously 20p) |
Advisory Electricity Rate: The Advisory Electricity Rate for fully electric cars remains to 9p per mile.
Note: Please disregard these updates/changes if they do not apply to your SAP Concur configuration. Do not reply to this message. If these updates/changes apply to your configuration or you have questions, please, raise a Support case for MRA Team (Steps here)
If you are using the Travel Allowance and / or Mileage Service, please check the status of the Rate Update here (Regulatory Change Manager (cloud.sap)