.png)
.png)
03 September 2012
Apply to all journeys from first of month
HMRC have announced new fuel rates for company cars. They apply to all journeys on or after 1 September 2012, until further notice.
For one month from the date of change, employers may use either the previous or new rates. They may, therefore, make or require supplementary payments, but are under no obligation to do either.
Petrol hybrid cars are treated as petrol cars for this purpose. The amounts can be used for VAT, but employers will need to retain receipts.
| Engine size | Petrol | LPG |
| 1,400cc or less | 15p | 10p |
| 1,401cc to 2,000cc | 18p | 12p |
| Over 2,000cc | 26p | 17p |
| Engine size | Diesel |
| 1,600cc or less | 12p |
| 1,601cc to 2,000cc | 15p |
| Over 2,000cc | 18p |
I'm assuming this is an increase? I run a driving school in Colchester. I've seen that for the current tax year, the mileage rates for people who are self employed has increased from 40p/mile to 45p/mile for the first 10,000 miles. It's about time as prices have been on the rise for some time, and the amount of fuel I use during my driving lessons can be quite scary at times! It's interesting to notice from your figures that hybrid cars are treated as petrol cars. I would imagine more companies might be tempted to use hybrids in the future (once they are a bit cheaper).