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UK Notification Effective 1st June 2024 Car

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Disclaimer: “Managed Rate Administration is a licensed service offered by SAP Concur with a recurring fee. The rate updates posted are for informational purposes. If you are an MRA customer, please open a ticket with support (with MRA in the subject line) to request the specific rate update. If you would like more information about licensing the service, please contact your SAP Concur Account Executive. Information about the service, please click here."

 

Dear administrator,

 

UK has recently advised of a change to the Company Car Fuel reimbursement rates, effective Jun 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 June 2024:

 

Engine size

Petrol

LPG

 

Engine size

Diesel

1400cc or less

14p (previously 13p)

11p (previously 11p)

 

1600cc or less

13p (previously 12p)

1401cc to 2000cc

16p (previously 15p)

13p (previously 13p)

 

1601cc to 2000cc

15p (previously 14p)

Over 2000cc

26p (previously 24p)

21p (previously 21p)

 

Over 2000cc

20p (previously 19p)

 

Advisory Electricity Rate: The Advisory Electricity Rate for fully electric cars decreases to 8p 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)

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