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New advisory fuel rates from September

30 August 2013
Issue: 4418 / Categories: News , Employees , Income Tax

HMRC have announced new fuel rates for company cars, which will apply to all journeys on or after 1 September 2013 until further notice.

Employers may use either the previous rates or the new ones for one month from the date of change. They may 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 receipts must be retained.

HMRC have announced new fuel rates for company cars, which will apply to all journeys on or after 1 September 2013 until further notice.

Employers may use either the previous rates or the new ones for one month from the date of change. They may 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 receipts must be retained.

Engine size Petrol LPG
1,400cc or less 15p 10p
1,401cc to 2,000cc 18p 11p
Over 2,000cc 26p 16p

 

 

 

Engine size Diesel
1,600cc or less 12p
1,601cc to 2,000cc 15p
Over 2,000cc 18p

 

Issue: 4418 / Categories: News , Employees , Income Tax
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