Autorates are used if you have company cars, pool cars and/or grey fleet cars on a mileage claim system within your fleet. The fuel rate of a business mile depends on the vehicles fuel type and engine cc and is outlined by HMRCs advisory fuel rates (AFRs). AFRs update once a quarter, so manually following fluctuations, thresholds and drivers switching vehicles can be a longwinded and challenging process. Autorates makes this process automatic, simple and digital. The Autorates feature allows you to create vehicle and driver specific fuel rates that follow HMRCs quarterly updates and automatically calculate thresholds and vehicle swaps. Set up once and let the system do the hard work for you.
By default, HMRC AFRs are used - if your company does not use AFRs, you can also set your own static fuel rates at company, department and driver levels. To update a fuel rate, click New autorate and select the type of rate, the start date (which can be backdated) and the new rate in /miles. When finished, press Save. This new rate will now be used in calculating digital mileage claims.
Open the ‘Autorates’ menu: https://abax.cloud/central/autorates/ or find it from ‘Admin > Autorates’
Click ‘+ Create new rate’ and follow the wizard to create a new autorate.
