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HMRC have published updated new fuel rates for company cars. These apply to all journeys on or after 1 September. Employers can continue to use the previous rates until 30 September if they wish.
Petrol Engines: 1400cc or less - 11p per mile 1401cc to 2000cc - 13p per mile Over 2000 cc - 20p per mile Diesel Engines: 1600cc or less - 9p per mile 1601cc to 2000 cc - 11p per mile Over 2000 cc - 13p per mile LPG Engines 1400cc or less - 7p per mile 1401cc to 2000cc - 9p per mile Over 2000 cc - 13p per mile Hybrid cars are treated as either petrol or diesel cars for this purpose. HMRC review rates quarterly on 1 March, 1 June, 1 September and 1 December. The HMRC Advisory Fuel Rates are available here. |
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