HMRC has confirmed its new methodology for calculating advisory electric rates (AERs) for business drivers using EVs.
It told Autocar Business that it will use figures published in the Office for National Statistics (ONS) quarterly index for domestic electricity, which forms part of the Consumer Price Index.
“The methodology used to calculate the Advisory Electric Rates was adjusted to incorporate figures published in the Office for National Statistics quarterly index for domestic electricity,” said an HMRC spokesperson, via email.
