Company Car Advisory Fuel Rates Updated

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HM Revenue & Customs has amended the advisory fuel rates for company cars with effect from 1 September 2012.

The rates – HMRC’s guidelines for fuel mileage rates for company cars – apply to all journeys made on or after 1 September, 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 new rates are listed below.

Engine size

Petrol

LPG

1400cc or less

15p

10p

1401cc to 2000cc

18p

12p

Over 2000cc

26p

17p

Engine Size

Diesel

1600cc or less

12p

1601cc to 2000cc

15p