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HMRC has announced new rates for company cars.
HMRC has announced new fuel rates for company cars. They apply to all journeys on or after 1 December 2016 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 11p 7p
1 401cc to 2 000cc 14p 9p
Over 2 000cc 21p 13p
Engine size ...
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