Company car advisory fuel rates updated

Company car advisory fuel rates updated

HM Revenue & Customs has amended the advisory fuel rates for company cars with effect from 1 September 2012.

The rates – HMRC’s guidelines for fuel mileage rates for company cars – apply to all journeys made on or after 1 September, until further notice

For one month from the date of change, employers may use either the previous or new current rates, as they choose.

Employers may therefore make or require supplementary payments if they so wish, but are under no obligation to do either. Petrol hybrid cars are treated as petrol cars for this purpose.

Engine SizePetrolLPG
1400cc or less15p10p
1401cc to 2000cc18p12p
Over 2000cc26p17p
Engine SizeDiesel
1600cc or less12p
1601cc to 2000cc15p
Over 2000cc18p

LINK: HMRC Guidance

To find out more about how Wilder Coe Ltd can help you, please contact accountants London.

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