Policy News Journal - 2015-16

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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