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