Expenses, Benefits & Reward
Company Cars
Advisory Fuel Rates for Company Cars from 1 March 2015 25 February 2015
HMRC have issued details of the latest Advisory Fuel Rates for Company Cars.
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.
Employers are advised to review the latest available data in February, May, August and November each year.
The new rates are:
Engine size
Petrol
LPG
1400cc or less
11p
8p
1401cc to 2000cc
13p
10p
Over 2000cc
20p
14p
Engine size
Diesel
1600cc or less
9p
1601cc to 2000cc
11p
Over 2000cc
14p
Hybrid cars are treated as either petrol or diesel cars for this purpose.
Follow this link for details on how the rates are calculated
Advisory Fuel Rates for Company Cars from 1 June 2015 29 May 2015
HMRC have issued details of the latest Advisory Fuel Rates for Company Cars.
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.
The new rates are:
Engine size
Petrol
LPG
1400cc or less
12p
8p
1401cc to 2000cc
14p
9p
Over 2000cc
21p
14p
Engine size
Diesel
1600cc or less
10p
1601cc to 2000cc
12p
Over 2000cc
14p
Hybrid cars are treated as either petrol or diesel cars for this purpose.
Follow this link for details on how the rates are calculated
CIPP Policy News Journal
25/04/2016, Page 134 of 453
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