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Latest advisory fuel rates

13 June 2012
Issue: 4357 / Categories: News , Admin , Business , Income Tax
Apply from 1 June

HMRC have announced new fuel rates for company cars. The rates apply to all journeys on or after 1 June 2012 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.

The amounts can be used for VAT, but employers will need to retain receipts.

Engine size   Petrol  LPG
1,400cc or less 15p     11p
1,401cc to 2,000cc 18p 13p
Over 2,000cc 26p 19p


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


Issue: 4357 / Categories: News , Admin , Business , Income Tax
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